The State of Procurement in the Age of AI highlights how global disruption, rapid digitalization, and artificial intelligence are reshaping supply chains and contracting. Traditional procurement models are too slow and adversarial, creating bottlenecks that limit agility and innovation. Lean-Agile Procurement (LAP) positions procurement as a strategic capability within the Agile Product Operating Model, enabling collaboration, adaptability, and trust-based contracts. With 90% of organizations recognizing agility as critical, but only 8% including partners in transformations, the paper stresses the urgent need for ecosystem-level agility to unlock competitive advantage, resilience, and faster, value-driven outcomes across industries.