Process automation in procurement

Boost your procurement efficiency

Manual procurement processes can be time-consuming, error-prone and inefficient, leading to delayed deliveries, increased costs and lost opportunities. Procurement process automation offers several benefits that can help organisations overcome these challenges.

Procurement process automation refers to the use of technology to streamline and optimise the procurement process. This includes the automation of tasks such as making purchase requisitions, selecting suppliers or creating purchase orders. Automating individual tasks enables organisations to reduce human error, save time, improve accuracy and enhance the overall efficiency of their procurement process.

In this paper, we approach the topic of process automation in procurement from a functional perspective focusing on processes and use cases. Our tried-and-tested procurement metro map provides a good overview of the general structure of the procurement process and we have identified a variety of successful AI use cases in procurement. We explore the importance of procurement process automation and provide three different user stories to illustrate its benefits more detailed. We conclude by introducing our own proven approach.

20-50%

improved efficiency is possible when using AI for supplier onboarding.

10-20%

improved accuracy is possible when using AI in procurement processes.

20-30%

improved visibility is possible when using Advanced Analytics and Generative AI for data analytics.

10-20%

enhanced compliance can be achieved by using technology to comply with regulations.

Procurement automation is a catalyst for growth, unlocking opportunities and empowering organisations to thrive. It streamlines processes, enhances data-driven decision-making and fosters collaboration. Embrace the future of agility, cost-effectiveness and competitive advantage.