AI Use Case

Optimise purchasing mix across suppliers and locations to lower input costs

Optimise purchasing mix across suppliers and locations should enable better pricing negotiations and reduced wastage on purchased product.

Function

Supply Chain

Procurement

Benefits

Cost - Reduced replacement costs,Cost - Reduce wastage,Operational Support - Cost forecasting

Case Studies

Potential Vendors

Industry

Basic Materials

Agriculture

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),ML Task - Prediction - Regression,Traditional AI,ML Task - Action Selection - Reinforcement Learning ,Model Architecture - Deep Neural Networks,Model Architecture - Recurrent Neural Network (RNN)