Explore the Latest Trends in Procurement Technology
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| Trend | Statistics |
|---|---|
| AI in Procurement | 80% of procurement professionals believe that AI will have a significant impact on the industry in the next 5 years. |
| Blockchain Technology | Blockchain technology is expected to reduce transaction costs by 30% in procurement processes. |
| Supplier Relationship Management | 90% of organizations are investing in supplier relationship management tools to improve collaboration and efficiency. |
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Source: Procurement Industry Report 2021