Description

Introduction

Procurement teams today face growing pressures to reduce costs, enhance supplier performance, and mitigate supply risks—all while managing complex global sourcing networks. This course introduces how Supply.AI leverages artificial intelligence to transform procurement processes. You’ll explore AI-driven supplier selection, spend analysis, contract optimization, and risk management. By the end of the course, you will be able to use Supply.AI to make faster, data-backed purchasing decisions, streamline procurement workflows, and build resilient supplier networks.

Prerequisites

• Basic understanding of procurement processes (sourcing, contracts, supplier management)

• Familiarity with ERP or procurement systems

• No prior AI or machine learning knowledge required

Table of Contents

1. Introduction to AI in Procurement

    1.1 The Role of AI in Modern Procurement
    1.2 Overview of Supply.AI Procurement Capabilities

2. Procurement Data Foundations

    2.1 Key Procurement Data Sources (ERP, Supplier Portals, Contracts)
    2.2 Data Cleansing and Enrichment with Supply.AI
    2.3 Integrating Procurement Data into Supply.AI

3. Spend Analysis and Optimization

    3.1 AI-Powered Spend Classification
    3.2 Identifying Savings Opportunities and Maverick Spend
    3.3 Supplier Consolidation and Category Management

4. Intelligent Supplier Selection and Evaluation

    4.1 AI-Driven Supplier Scoring and Benchmarking
    4.2 Predicting Supplier Performance and Risk
    4.3 Streamlining Supplier Onboarding and Qualification

5. Contract Analytics and Compliance

    5.1 Extracting Key Contract Terms with AI
    5.2 Monitoring Contract Compliance and Expiry
    5.3 Optimizing Contract Renewals and Negotiations

6. Risk Management and Supplier Resilience

    6.1 Predictive Risk Detection (Financial, Geopolitical, Operational)
    6.2 Supplier Diversification Strategies with AI Insights
    6.3 Real-Time Alerts for Disruptions

7. Dynamic Procurement Planning

    7.1 AI-Enhanced Demand Forecasting for Procurement
    7.2 Inventory and Lead Time Optimization
    7.3 Aligning Procurement with Sales and Production Plans

8. Automating Procurement Workflows

    8.1 AI-Powered Purchase Requisition and Approval Automation
    8.2 Automated Supplier Communications and Negotiation Support
    8.3 Integrating with ERP, RPA, and Chatbots

9. Measuring Procurement Performance

    9.1 KPIs for AI-Optimized Procurement
    9.2 Monitoring Supplier Scorecards and Performance Dashboards
    9.3 Continuous Improvement with AI-Driven Insights

10. Use Cases and Best Practices

    10.1 Strategic Sourcing Optimization
    10.2 Indirect Spend Management
    10.3 Tail-Spend Reduction with AI

Supply.AI equips procurement professionals with powerful AI tools to enhance decision-making, optimize supplier relationships, and uncover cost-saving opportunities. You’re now ready to streamline procurement processes and build smarter, more resilient supply networks using AI-driven insights.