Artificial Intelligence in Purchasing and Supply Management: A Literature Overview

Publikation: Beitrag in Buch/Bericht/KonferenzbandBeitrag in einem Konferenzband

Abstract

Business success in evolving global environments requires efficient processes and consistent key actions on their inter- as well as intra-firm interfaces to their suppliers. Thus, it is of vital importance to utilize the opportunities of digitalization and to utilize the means of Artificial Intelligence (AI) also in the purchasing and supply management context. As there is a gap between the knowledge base in literature and practice this paper addresses this issue by presenting an initial literature overview. The findings show for instance, that individual buyers lack the expert knowledge in economics and game theory to establish guidelines for mechanism-based negotiation. From a management perspective, these findings may help firms to develop AI skills among their employees and to shift the perspective towards existing and new buyer-supplier relationships.
Originalspracheenglisch
Titel Book of Abstracts of the EMAN 2021 Conference
PublikationsstatusAngenommen/In Druck - Jul 2021
Veranstaltung5th International Scientific Conference on Economics and Management
- Ljubljana, Virtuell, Slowenien
Dauer: 18 Mär 202118 Mär 2021

Konferenz

Konferenz5th International Scientific Conference on Economics and Management
KurztitelEMAN 2021
LandSlowenien
OrtVirtuell
Zeitraum18/03/2118/03/21

Schlagwörter

  • Artificial Intelligence
  • Purchasing and Supply Management
  • Literature analysis

ASJC Scopus subject areas

  • !!Business, Management and Accounting(all)

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