Amid the challenges and promises of technology disruption fueled by the rise of Generative AI (GenAI) and agentic AI, today’s procurement function lies at an inflection point. Is betting on digital and AI paying off? When and how is procurement helping companies be successful?
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Though technology has evolved to incredible levels of sophistication, humans still must be “in the loop” to maximize technology investments. Our analysis of the 2025 Deloitte Global Chief Procurement Officer Survey reveals a strong correlation between the combination of technology and talent competencies and better enterprise performance .
From powerful large language models (LLMs) to advanced chatbots, GenAI has captured imaginations in the world of business. LLMs are becoming increasingly powerful and key to AI agents with built-in memory, reasoning and the ability to operate tools such as web searches. This combination promises to transform procurement.
Digital literacy is the key competency not just individually, but as a collective function. Digital literacy is essential for procurement professionals, focusing on:
Delve into our full report to learn how CPOs are attracting top digital-ready talent and developing both new and existing procurement talent teams to drive more value for the enterprise.
Investments in talent and the digital tools that support them are intended to drive performance improvements. The survey results show that organizations betting big in the right ways for their business significantly outperform followers across all procurement performance metrics. These leaders report superior results in key areas such as: