AI for Improving the Procurement Experience of Indian Railways Sumanta Singha Milind Sohoni Sripad Devalkar Vijaya Sunder M 2023 Case Study Solution

AI for Improving the Procurement Experience of Indian Railways Sumanta Singha Milind Sohoni Sripad Devalkar Vijaya Sunder M 2023

Case Study Solution

Artificial intelligence (AI) is transforming the way procurement functions work across the world, and India is no exception. Indian Railways has adopted an innovative approach to procurement that uses AI, Big Data, and Machine Learning. Here’s how they’re using these technologies to improve the procurement experience of their employees: 1. Integration with the ERP One of the biggest benefits of using AI for procurement in Indian Railways is its integration with the ERP system. When the Indian Railways launched the

SWOT Analysis

Amidst growing global competition, the Indian Railways is working to transform its procurement processes to ensure an optimal value for money and a sustainable business model. There are several challenges in procurement processes such as high levels of fraud, lack of transparency, and complexities in the system. However, AI and Big Data Analytics (BDA) can be a game-changer in these challenges. AI and BDA can provide a scalable solution to many of the procurement challenges. AI can be used to

Case Study Analysis

AI technology for procurement offers several advantages over traditional manual processes for suppliers. These advantages include automation, improved data accuracy, improved productivity, reduced risks, and improved collaboration between suppliers and buyers. This is why Indian Railways (IR) decided to adopt AI for procurement. First, automation can reduce the cost of procurement. For example, IR can automate its tender management process, allowing vendors to submit their tenders electronically. This eliminates the need for manual review, ensuring that the correct tender is selected

Case Study Help

Today, AI technology is used in various sectors such as e-commerce, banking, and healthcare to improve efficiency and provide better services to customers. The Indian Railways is one of the most critical organizations, where AI can significantly impact procurement by delivering smarter procurement solutions. The procurement process involves the selection, pricing, and purchasing of goods and services. Traditionally, manual procedures were followed, resulting in inefficiencies, delays, and higher costs. The following paper aims to examine the potential use

Alternatives

Indian Railways has a vast network of trains that runs across the country, handling millions of passengers daily. The procuring of necessary materials, equipments and supplies for these trains is a complex process which requires adequate human resources. Indian Railways uses a combination of manual and automated procurement processes for the procurement of these materials and supplies. additional hints To streamline the procurement processes, Indian Railways has started using Artificial Intelligence (AI) to improve their procurement processes. In this context, Indian Railways has launched a project

Problem Statement of the Case Study

AI can be used in Indian Railways’ procurement process to improve the efficiency and effectiveness of procurement decisions. The procurement process in Indian Railways has several components, including the contracting process, logistics, and the production process. These components have various stages and milestones, and each of them requires the procurement of supplies, materials, or equipment. The use of Artificial Intelligence (AI) in the procurement process can improve the procurement cycle by reducing the amount of time and resources required. AI

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AI for Improving the Procurement Experience of Indian Railways I am grateful to be invited to share my personal experience as a procurement specialist in Indian Railways. AI technology provides a revolutionary transformation in procurement and logistics as I use AI, Automated Business Intelligence (BI), Machine Learning (ML) to analyze procurement data to provide real-time solutions. AI algorithms utilize data analytics to understand the current situation, identify trends, and predict future outcomes. AI has helped Indian Railways

Evaluation of Alternatives

In my recent personal research, I have observed that Artificial Intelligence (AI) has immense potential to improve the procurement experience of Indian Railways (IR). AI offers a wide range of benefits such as automated purchase order generation, automated tracking, and efficient bidding processes. These innovations can provide a significant cost savings for IR while simultaneously enhancing the supply chain visibility, reducing human errors, and enhancing transparency. AI technology offers several advantages over traditional procurement methods. The implementation of AI in procurement