AI’s Impact on Procurement & Contract Management

AI is transforming procurement by addressing persistent weaknesses in contract lifecycle management. As featured in ISM’s January newsletter, Sujay Dutta, Professor Handfield, and Vishal Suri explain how solutions like DocufAI strengthen traditional CLM systems with advanced contract understanding, contextual redlining, and cross‑document intelligence. These capabilities help procurement teams work faster, reduce risk, and unlock greater value from their contracting processes.