Bain & Company: How AI is Changing Procurement in Finance

Bain & Company: How AI is Changing Procurement in Finance

Skills and operating models evolve Bain’s report outlines that leading financial institutions are embedding procurement teams earlier in technology and product lifecycles, with closer collaboration between procurement leaders and CIOs, CTOs, chief data officers and AI teams. The consultancy argued that category strategies are also evolving beyond traditional cost-reduction goals towards broader priorities including innovation,…