AI Use Case
Support review and design of supplier contracts
Support review and design of supplier contracts potentially including analysing key elements to focus on in contract design. This may be semi-automated with limited human involvement.
Function
Supply Chain
Procurement
Benefits
Operational - Simplify interfaces,Operational Support - Issue triage
Case Studies
British Telecom~British Telecom saves an estimated £100M a year using the automated contract analysis platform RAVN,Mondelēz International~Mondelēz International saved on expenses by automating client contract analysis ensuring corporate spinoff delivered on-time and budget,US Department of the Air Force~US Department of the Air Force plans to use AI system to assist employees with acquisition and procurement rules and guidelines
Potential Vendors
Ravn Systems,Axiom
Industry
Data Sets
Structured / Semi-structured,Text
AI Technologies
Traditional AI,Machine Learning (ML),ML Task - Prediction - Binary Classification,ML Task - Prediction - Multi-class Classification,Product Type - Natural Language Processing (NLP),Model Architecture - Decision Tree,ML Task - Prediction - Annotation,ML Task - Prediction - Data Translation/Transformation