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The path to AI in procurement

Author

Listed:
  • Morgan, Philip

    (Electronic Arts, USA)

Abstract

What is artificial intelligence (AI) in procurement and how do we get there? This paper provides definitions for the various stages of the development of AI in procurement, and a practical guide on how to achieve the meaningful application of AI in procurement practices, from identifying the opportunities for AI that are right for an organisation, to preparing policies and practices before implementing an AI solution, to deploying intermediate steps in automation and reporting, and ultimately on how to reach the goal of meaningfully functional AI in the support of live procurement operations.

Suggested Citation

  • Morgan, Philip, 2021. "The path to AI in procurement," Journal of AI, Robotics & Workplace Automation, Henry Stewart Publications, vol. 1(1), pages 6-12, September.
    • Handle: RePEc:aza:airwa0:y:2021:v:1:i:1:p:6-12
    as

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    More about this item

    Keywords

    procurement; sourcing; continuum; intelligent automation; smart search; application; chatbot;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • G2 - Financial Economics - - Financial Institutions and Services

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