Future of Procurement is the term that describes how organizations can build procurement capabilities to increase efficiency and effectiveness, while also enabling them to adapt to an ever-changing global marketplace. It involves leveraging modern technologies such as machine learning, automation and artificial intelligence to streamline the process of sourcing goods and services. This helps organizations make smarter decisions, save time and money, reduce risks, and optimize their overall supply chain performance. Future of Procurement provides a roadmap to greater success in the business world, through improved collaboration with vendors, streamlined processes and the capturing of invaluable data for analysis.