Artificial Intelligence in Purchasing and Supply Management: A Literature Overview

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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.
Original languageEnglish
Title of host publication Book of Abstracts of the EMAN 2021 Conference
Publication statusAccepted/In press - Jul 2021
Event5th International Scientific Conference on Economics and Management
- Ljubljana, Virtuell, Slovenia
Duration: 18 Mar 202118 Mar 2021

Conference

Conference5th International Scientific Conference on Economics and Management
Abbreviated titleEMAN 2021
CountrySlovenia
CityVirtuell
Period18/03/2118/03/21

ASJC Scopus subject areas

  • Business, Management and Accounting(all)

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