**London**: The London School of Economics has joined forces with AI-driven procurement leader Globality to enhance its purchasing processes. The initiative aims to utilise advanced technology to improve efficiency and cost-effectiveness in procurement, showcasing LSE’s commitment to innovation in academia.
The London School of Economics and Political Science (LSE) has announced a new partnership with Globality, a leader in AI-driven procurement solutions, aimed at overhauling its procurement processes. This initiative is part of LSE’s strategy to modernise its purchasing of goods and services through advanced technology.
Mike Ferguson, Chief Financial Officer of LSE, stated, “We have a high-performing procurement team so giving them the best tools, such as Globality’s technology, is a strategic decision to further strengthen our procurement capacity, ensuring it continues to secure the best value for LSE.” The collaboration will involve the adoption of Globality’s platform, Glo, which employs Agentic AI and Generative AI to automate procurement tasks. This includes restructuring data into clear specifications, efficiently identifying vendors, and providing insights for timely bid evaluations.
Cristian Martin, Director of Procurement Services at LSE, expressed enthusiasm for the partnership, saying, “LSE is an exceptional university to work for, and I am honoured that they have invested in and entrusted me with the task of fully integrating AI into our procurement process.” The aim is to enhance financial efficiencies, streamline manual tasks, and potentially cut costs while expediting contract awards.
Globality, which has been recognised as the Best Technology Provider at the 2024 World Procurement Awards, claims its technology has already benefited major corporations like Tesco and Fidelity Investments. Co-Founder and CEO Joel Hyatt stated, “This new partnership with the London School of Economics and Political Science will showcase how autonomous procurement and sourcing unlocks the same new efficiencies, productivity and cost savings for the higher education and public sectors.”
LSE recently received the title of University of the Year by the Times and Sunday Times Good University Guide 2025, further emphasising its commitment to innovation in academia and operations.
Source: Noah Wire Services
Subscribe to Industry Updates
