AI allows Procurement organizations to automate time-consuming tasks, examples include: spend management, supplier management, capabilities matching, monitoring and tracking efficiency, compliance management, and contract management. Procurement Chatbots can help users get quick answers for their procurement related inquiries using natural language
Understand the Use-case under 5 minutes
Video (2 minutes)
Procurement Chatbot assists end users in the procurement process by helping them to understand the functionality and usages of the SAP Ariba system and to retrieve transaction details for them
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Article (7 minutes)
Highlighting different use-cases for AI in Procurement: spend classification, automating spend management, supplier management, capabilities matching, monitoring and tracking efficiency, and more
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Get to know more Business and Technical details about the use-case (15-30 minutes)
More detailed introduction covering business and technical aspects
Article (25 minutes)
An ultimate guide for usage of AI in procurement including definitions of AI, ML, NLP. Expands on many use cases, best practices, examples for training data, and closes with a “Create an AI-Game Plan for Procurement” video
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Video (55 minutes)
Explore the impact of AI on the users of source-to-pay platforms, especially on stakeholders in procurement, finance, and legal. You’ll learn exactly which procurement and contracting problems AI can address
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Video (62 minutes)
How to use AI to clean Master Data at the source by properly categorizing transactional and supplier-related data the first time, digitize source-to-pay process, and leverage RPA to automate repetitive tasks
WatchCase studies, Organizational Aspects, Return on Investment examples
Video (49 minutes)
Join CIPS, Amazon Business and Busy Bees Nurseries as they discuss how AI can help you to drive savings and efficiency
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Report
The Source-to-settle cycle has multi-stages and AI can assist and provide intelligent methods to overcome the obstacles that happened. In this report you will find some tangible use cases with remarkable benefits
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The UK government used the AI Procurement in a Box toolkit to design their own guidance for AI Procurement in government. In this document two teams are sharing their experiences of applying this guidance in practice.
ReadMore details on the technical aspects of the use-case
Google Service
The Procurement Document AI is a tool provided by Google which allows digitizing unstructured content like invoices and receipts into structured data to increase operational efficiency and improve customer experience.
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Article (3 minutes)
Explanation for supervised and unsupervised learning algorithms and their applications in Spend Analysis
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Technical resources that will help you implement the use-case (notebooks, tutorials..)
Github Repo
Creating a complete end-to-end intelligent solution for a procurement system with Watson knowledge studio and Watson discovery.
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Paper
Exploring different machine learning algorithms including SVM, Logistic regression, and language processing toolkits, and describes the effectiveness of these techniques for spend classification
ReadGithub Repo
Building machine learning models to predict future demand, and an optimal procurement strategy
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Paper
Authors propose a novel supplier portfolio selection model for the service supply chain using machine learning approaches using Ranking neural network
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Data Sets you can use to build Demos, POCs, or test Algorithms
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