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

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

Potential Vendors

Ravn Systems,Axiom