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While supply chain managers were slow to integrate digitalization in the procurement function, the trend has finally gained traction. Accenture's report, ‘The Next Generation Digital Procurement,’ states that many supply chain managers are trying to modernize that function, but they may not have the tools to start it. In this study, analysts examine how the equation is further supplemented by artificial intelligence and analysis and thereby speed up digital procurement to produce better informed buying decisions, open up new channels for suppliers to engage and enable smart automation to achieve further efficiencies. Greater transparency results in greater efficiency, but they need to build better firewalls while finding ways of keeping data safe.