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July 3, 2025

CPS 230 procurement

CPS 230 Is Here: What It Means for Procurement Professionals in Australia

What Is CPS 230? CPS 230 is APRAโ€™s new Prudential Standard on Operational Risk Management, going into effect on 1 July 2025. Itโ€™s a major regulatory shift for all APRA-regulated entitiesโ€”banks, insurers, and superannuation funds. At its core, CPS 230 requires organisations to proactively manage operational risks, critical operations, and material service providers. It goes [โ€ฆ]

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AI trust gap in procurement

The AI Trust Gap: Why Procurement Leaders Are Hesitant to Go Fully Autonomous

AI is transforming procurementโ€”from automating tasks to predicting supplier risks and optimizing sourcing. Yet, despite its potential, many procurement leaders remain cautious about going fully autonomous. The Quantum Leap Survey reveals a significant AI trust gap, uncovering why organizations hesitate and what it takes to confidently bridge the divide between humans and intelligent systems. TL;DR

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Procurement Quantum Leap

The Quantum Leap: How 400+ Procurement Leaders Are Embracing Agentic AI

TL;DR AI is no longer optional in procurementโ€”itโ€™s the catalyst for faster decision-making, cost savings, and risk mitigation. The Quantum Leap Survey reveals 74% of procurement leaders see AI as a priority, yet only 35% have governance frameworks in place. Common barriers include data readiness, trust in AI decisions, and perceived complexity, but high-performing teams

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