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In an environment where automation has become a popular topic of discussion for businesses, its capabilities are both over and under-represented in various contexts. Nevertheless, automation can and has been seen to improve efficiency, reduce costs, and drive profits for businesses.

A major business process that has seen augmentation through automation is procurement. But to understand how automation could continue to influence the future of business procurement practices, the role of automation in improving procurement practices needs to be discussed.

In addition, to come to an accurate conclusion about its influence, the potential challenges and risks of procurement automation also need to be evaluated.

With a better understanding of the role of automation in procurement, it is easier to make an informed decision on whether to utilise it for business procurement practices.

The topic of automation has been a consistently prominent one in today’s business and technology landscape. The advent of technologies, such as process automation, advanced analytics and reporting, workflow management, and version control, has skyrocketed the utilisation of automation for businesses.

One prominent business process that stands to benefit from the capabilities of automation is procurement. As a vital business process, the growth of procurement, in terms of practice and technology, has continually risen over the years.

Automation significantly improves the efficiency of many procurement processes and provides in-depth insight to assist decision-making, and with its constant evolution, has the capacity to offer so much more.

While automation for procurement is not an adequate replacement for human capability, it can offer unique advantages, especially with regard to improving data analytics, optimising costs, forecasting demand, and more.

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