CAPS News-05 February 2025

New Report on AI in Procurement

Discover how and to what degree Generative AI is being used in procurement with breakouts by sector and data collected from global corporations in this new report. The report provides insightful comparisons to the Q1 2024 results, including a distribution matrix of use cases that measure the effectiveness of Generative AI, along with the percentage of companies utilizing it.

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Participate in the next GenAI Survey

Building on the new Generative AI in Procurement report, CAPS is developing an AI use-case framework. To support this initiative, we will be conducting two additional surveys this year. Don’t miss the opportunity to participate in these surveys to receive comparisons and breakouts. 

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GenAI is Top Priority for Procurement Leaders

Generative AI is set to be a top priority for leaders for both their short-term and long-term goals. Over the next three years, 34% of leaders plan to focus on "integrating Generative AI into procurement and supply chain management processes".

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U.S. Manufacturing Rebounds

Description: U.S. manufacturing activity expanded in January, ending 26 consecutive months of contraction. The indexes for employment, prices, production, and supplier deliveries all improved.

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