Procurement stories

By 2026, AI will transform procurement with specialised models, transparent governance, autonomous agents, and new security standards boosting trust and efficiency.

Karmo is now the sole provider in Queensland's Local Buy fleet scheme, offering councils and agencies easy access to flexible vehicle subscription services.

Huawei Cloud launches AI Pioneer Partner Ecosystem Alliance in Singapore to boost practical AI adoption across industries with new infrastructure and partnerships.

Zinit has raised USD $8 million to expand its AI-driven platform that automates procurement, cutting cycle times by 40% and boosting savings by 30%.

Right-sized ERP training empowers existing teams, cuts costly consultant fees, and debunks the myth that all employees need extensive reskilling.

CFOs are taking a lead in cybersecurity, viewing it as a vital business risk and investment, to shield organisations from growing digital threats and financial fallout.

SAP’s adaptive AI architecture and clean core focus are driving flexible digital transformation in public and private sectors across Australia and New Zealand.

Australian businesses could unlock a USD $60bn productivity gain by saving 8%-10% on external supplier spend without job or performance cuts.

RobobAI launches Agent Bob, an AI tool transforming procurement by delivering instant strategic insights via natural language interaction with spend data.

Singapore firms plan to boost AI spending to SGD $18.9m this year, with rising ROI but face challenges in workforce skills and data integration.

US defence contractors face a tight deadline to meet new DoD cybersecurity rules or risk losing contracts as enforcement phases in by 2028.

Squadron Energy won the ERP Fast Growth award for swiftly deploying SAP's Public Cloud ERP, boosting operations and cutting reconciliation time by 70%.

Australian procurement leaders adopt AI to enhance sourcing and agility amid supply chain challenges, blending technology with human expertise for strategic gains.

UK firms lose nearly one in five SaaS pounds to wasted or duplicate licences, with 63% facing uncontrolled adoption risking security and overspending.

Emirates Flight Catering adopts Informatica’s cloud-based data platform to boost efficiency, supplier collaboration and sustainability in its meal production.

The 2025 refresh of the global SIAM Body of Knowledge adds AI, skills, and guidance to help organisations manage complex, multi-vendor service ecosystems effectively.

The Visual Media Association has launched its 2025 survey to benchmark Australia’s AUD $15bn print, sign, packaging and visual media sector amid key government reviews.

BRKZ has secured a USD $30 million loan to expand its financing solutions and support the growth of Saudi Arabia’s booming construction sector.

Manual accounts payable processes drain money, time and trust from businesses, risking cash flow and reputation if action isn't taken promptly, say CFOs.

Workday is harnessing AI agents to revolutionise enterprise finance and HR, enhancing data integrity, compliance, and real-time insights across global firms.