2024 Global State of Procurement Report (.PDF Download)

As 2023 begins to wind down and 2024 comes into focus, most procurement teams expect their budgets to rise next year. Many senior leaders are evaluating new tools and technologies that support a more strategic approach to business buying and an optimized procurement process. For example, nearly all (98%) procurement leaders want to invest in analytics and insight tools, automation, and artificial intelligence (AI) over the next few years.