CAPS News-25 June 2025

New Report on Generative AI in Procurement

The latest report on "Generative AI in Procurement: Practical Use Cases" is now available! This insightful survey series delves into the application of Generative AI within procurement. The current release showcases use cases like cybersecurity and supply chain stress testing. Comparative analysis with two previous surveys provides insights into the progression of Generative AI use over the past year. 

Among the findings, the use case with the highest effectiveness score is “Translate, standardize, or improve language (e.g., policy, terms and conditions, etc),” followed closely by “Evaluate supplier capabilities,” and “Identify supplier, continuity risks.”

Discover all the Generative AI use cases in the full report. 

[Access with CAPS Library]

Practices for Managing Per Diem Payments to Contractors 

The latest Quick Poll report provides a snapshot look at practices for managing per diem payments to contractors. The report indicates over half of organizations (54%) have implemented “fixed per diem rates, validating eligibility based on location and travel dates - without the need for receipts.” This practice not only streamlines the payment process but also mitigates the risk of overpayment and misuse, ensuring that funds are utilized efficiently and transparently. This safeguards organizational resources and aligns with best practices in financial management. 

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Quick Fact: Empowering Digital Transformation

A recent report underscores the critical role CPOs and CSCOs play in driving digital transformation. While 55% of leaders have a defined digital roadmap and 33% are developing one, success hinges on more than just planning. Among those with a roadmap, 29% cited dedicated funding for key investments as the top enabler of effective execution. This highlights the growing need for procurement and supply chain leaders to secure resources, align priorities, and lead technology-driven change - moving beyond operational support to become architects of digital innovation.

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Catch Up on Recently Added Content:

Complex Adaptive Supply Networks and Resilience: Global Adaptation and Regionalization

Quick Poll Report – Cycle Time for Standalone Purchase Orders

Webinar Recording – Impactful Experiments for Informed Decision Making

These 18 Industries Could Reshape the Global Economy by 2040

Visual Capitalist highlights 18 industries that are set to reshape the global economy by 2040. These key sectors, including artificial intelligence, biotechnology, cybersecurity, and space exploration, are projected to generate revenues ranging from $29 trillion to $48 trillion. The article emphasizes the transformative capabilities of these industries, fueled by technological innovations and evolving market dynamics.

[Read More from VisualCapitalist]