The Unglamorous Uses of AI

  • For every part, commodity or service, this team can read through all contracts across all locations and business units of the company to find the best procurement options.
  • This team can also weigh these options with user feedback, public reviews, and other factors to further qualify.
  • This team can also look at vendors not under contract currently. Some of these options may be better than existing contracts. In most cases this team will generate suggestions on who should be approached for contracts, how much money could be saved, and all the supporting data (See case example).
  • Then, when new vendors are being brought on board the team could pull diligence packs them and generate supporting data for negotiations (See case example).

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Praful Krishna

Praful Krishna

AI, Product, Strategy, Digital Transformation