AI for Improving the Procurement Experience of Indian Railways Sumanta Singha Milind Sohoni Sripad Devalkar Vijaya Sunder M 2023
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AI in procurement has transformed the way things are done in most organisations, including Indian Railways. It’s one of the most significant technological advancements in the last decade. The use of AI in procurement has improved decision-making, reduced time to deliver products, and made procurement more efficient. This study analyses the impact of AI in Indian Railways procurement, highlighting its benefits and challenges. AI in procurement is not a new concept, but its implementation is a newer one. It is being
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AI for Improving the Procurement Experience of Indian Railways In 2015, the Indian Railways embarked on a procurement journey from where it stands now. In the past few years, it has transformed from being a transaction-driven system to an innovative, customer-focused system. The main reasons for this are: 1. Digital Transformation 2. Artificial Intelligence (AI) 3. Machine Learning (ML) Digital Transformation: The primary reason behind the
VRIO Analysis
AI (artificial intelligence) is one of the most advanced technologies that have come into the lives of human beings since time immemorial. With AI, Indian Railways is now improving their procurement process. hbs case study solution We use the most recent technology to make things more accessible, better, faster, and efficient. have a peek at these guys Now let’s understand how Artificial Intelligence is changing the way Indian Railways procure products and services. AI: The Procurement Solution AI has a remarkable impact on the procurement process of Indian Railways.
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AI, or Artificial Intelligence, is a computer program that mimics human intelligence by using logic and data to perform tasks that would otherwise require human intervention. There have been increasing number of companies that have integrated AI for improving their procurement experiences, and the Indian Railways is one of them. Indian Railways is one of the largest transportation systems in the world, connecting India to other countries and regions. The Indian Railways have recently been implementing AI solutions to enhance their procurement practices. One of the first AI implementations is
PESTEL Analysis
Section: PESTEL Analysis India’s railways is one of the largest in the world, handling an annual train passenger volume of over 300 million and the railway network has a total length of over 13,000 km. India is a developing country in terms of rail infrastructure, with a lot of limitations and challenges. One of the key challenges in procurement is that railways have to operate in such harsh conditions, where quality is a critical factor for every contract. To address this, railways need to employ
Porters Five Forces Analysis
As India is growing rapidly, the Indian Railways needs an efficient and effective procurement system. With the rise in the usage of technology, AI is taking the world by storm. Artificial Intelligence (AI) can help Indian Railways in many ways, such as automation, predictive analytics, machine learning, etc. It will increase efficiency, reduce costs, and improve the procurement experience for end-users. AI in Procurement 1. Automation One of the biggest advantages of AI in procurement is
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“I believe that AI has the potential to transform the procurement process significantly. AI tools and technologies can automate and streamline the procurement process, reducing the time, effort, and costs required for procurement tasks. The following are some of the ways in which AI is transforming the procurement process in India: 1. Predictive Analytics: AI can be used to forecast demand, optimize inventory, and reduce waste. By analyzing historical data, AI can predict future demand and adjust supply and demand accordingly