Automating procurement practices using artificial intelligence

• Main Authors: LI, Xingyi, REYCK, Bert De, YOO, Onesun Steve
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2025
• Subjects: Spend analysis; data-driven procurement; natural language processing; machine learning; Artificial Intelligence and Robotics; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7660
• Institution: Singapore Management University

Conducting a spend analysis of procurement practices is a challenging task for manufacturers. It requires deciphering large-scale spend data in the form of unstructured texts and identifying opportunities for savings. This process relies on procurement experts’ know-how and is often performed manual...