AI and the future of the CIPS Global Standard for Procurement and Supply
The CIPS Global Standard for Procurement and Supply is widely acknowledged as the definitive framework for professional excellence. It has consistently directed our profession, developing capabilities and careers across diverse global markets. Yet, the business landscape is undergoing an unparalleled transformation, driven by the rapid rise of Artificial Intelligence. AI is not merely an incremental […]
Generative AI in Procurement: Moving from a Tactical Tool to a Strategic Resource
NatQuest OpenTender Team – March 2025 As artificial intelligence (AI) continues to advance across various business functions, its role in procurement has shifted from providing marginal support to becoming a core enabler of strategic value. Generative AI (GenAI)—a subset of AI that automates the generation of text, documentation, and insights based on large data sets—has […]