Last month, we attended Ivalua NOW 2026, joining 1,500+ supply chain professionals in Paris to get an up-to-date view of the landscape. As part of this vibrant event we sat down with Alex Saric, Chief Marketing Officer of Ivalua, to dig into some of the ways the industry has shifted and evolved in recent years – and the role AI has to play.
In an article that Saric wrote for our sister brand, CPOstrategy, back in 2019, he said that organisations were under more pressure than ever to innovate at speed. Seven years on, the world has drastically changed. Between COVID-19 and the lightning-fast acceleration of AI, supply chain has evolved to an unprecedented degree. So the question is: what does innovating at speed look like in 2026 compared to 2019?
“Back then, we were still driving traditional source-to-pay digitalisation and providing the transparency that’s still needed in this more uncertain, volatile world,” says Saric. “That volatility only increases every year. I think most people, probably me included, assumed that it would calm down. But I’d say, in 2026, the impetus is on making AI – and particularly agentic AI – the kind of tool you want it to be. From something that answers a question for you to something that really executes and drives more output from procurement. It’s really about taking it from pilot to production at a rapid pace, where it’s actually driving business impact.”
Changing variables
Back in 2019, nobody could have predicted the acceleration of AI in the supply chain – not even Saric. “What’s interesting is that even if you go back five or 10 years, people were talking about the commoditisation of procurement technology, which has become relatively easy to use. The capabilities are getting smaller. If anything, that has now accelerated with AI and the disparities between one organisation and another are even higher. But no, I couldn’t have predicted this level of acceleration.”
Things have evolved even since 2025. At last year’s Ivalua NOW, Saric said that “the increasingly uncertain sourcing and procurement landscape is forcing the industry to assess the impact on organisations, reassess supply strategies, and it’s all happening so fast”. When asked if that is different now, the answer is a firm “no” – but the variables do keep changing.
“It’s almost as if you’re viewing the entire supply strategy as a game. For a while, there are clear optimisation strategies to sourcing that everyone is focused on and implementing,” says Saric. “But then, suddenly, all the rules change. It’s one thing if they change just once and you adapt, set different parameters, and optimise again. But the problem now is that they change overnight, and you have no idea when. That’s a massively complicated environment for procurement. Their job has become exponentially more difficult.”
AI isn’t transformational (yet)
It’s a topic both Saric and Franck Lheureux, Ivalua’s CEO, touched on during the introduction to Ivalua NOW 2026: that things have never been more difficult for supply chain professionals. Even with the wider (and more confident) use of AI across the industry, the pace of change and the geopolitical risks and pressures weigh heavier than ever. In fact, according to Saric, AI’s impact has hardly been transformational – yet.
“The nature of enterprise technology is that it’s always a bit slower to get adopted and rolled out,” he explains. “There’s extra scrutiny, there’s change management; all these factors that have to be considered compared to consumer technology. The biggest changes last year were theoretical for the most part. There were very few organisations actually using AI in a way that’s driving value. A sizable minority of our customers are using it actively in production and they’re driving value from it. The step which still needs to come is moving from having it as a handy assistant or a way to get information faster, and actually driving a difference in how people work.”
This isn’t going to happen overnight. However, Saric expects to have customers onstage at Ivalua NOW 2027 who have completely changed their way of working via AI, and that most businesses will be using it to some extent. It is certainly creating efficiencies and values, even if it’s a slow process. For example, the application of AI for user experience is proving to be one area where it’s coming into its own.
“It’s really enabled procurement to become a much more conversational experience,” Saric explains. “Broadly, that’s the biggest impact so far. But besides that, it’s also helping make better decisions to identify contracts that have certain clauses to drive standardisation and conduct assessments with suppliers. If there’s a performance issue or you want to suggest improvement plans, AI can also help with drafting RFPs.
“There’s a whole range of pretty distinct skills that are saving a lot of time. In many cases, it’s bringing information and insights to the fingertips of the procurement users, rather than them wasting hours looking for that information.”
The procurement-IT alliance
More than technological advances like AI, strong inter-communication between procurement and the broader business is a key to success in modern organisations. Saric hosted a conversation during Ivalua NOW based around the collaboration between procurement and IT, and how to approach this partnership effectively. During this, he delved into his 25 years in the industry to guide the conversation.
“What I’ve consistently seen is that the most successful procurement digitalisation projects typically had strong collaboration with IT,” says Saric. “With AI, it’s even more important. You really have to understand AI and ensure you’re not exposing your organisation to potential security risks, or violating other policies. There’s a lot of technical detail that needs to be understood.”
He continues: “IT is the department that’s best positioned to help guide procurement through that process. The second thing is that there needs to be proactive engagement upfront with executive sponsorship from both procurement and IT. You can’t simply slap an AI tool on top of a broken foundation and think that it will be able to find and decipher all the issues in your data. Having the right foundation is critical, and that’s another reason why IT is an important partner for procurement.”
