Category: HBR Case Analysis & Summaries

AI for Improving the Procurement Experience of Indian Railways

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1. AI technology is changing the procurement process worldwide. Indian Railways is one of the organizations that is taking the lead in adopting AI in procurement. The procurement process of the organization is tedious and time-consuming. The paper proposes an AI-based solution for improving the procurement experience of Indian Railways. 2. The Problem The Indian Railways’ procurement process is complex, with multiple stakeholders, a large number of suppliers, and a vast number of transactions.

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AI, Automation, and the Future of Purchasing in Indian Railways Indian Railways is India’s largest and oldest public transport system, employing around 66,000 people, providing 120,000 services daily, and running 1.2 million trains. The railways’ procurement function is complex, and it has seen a lot of disruption in the last decade. AI is poised to bring a major change, improving efficiency, reducing fraud, and offering new value propositions to both vend

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– AI is a technology that leverages the use of computing power, big data, and machine learning to automate certain parts of business processes. – In the context of Indian railways, AI is used to optimize procurement processes. AI is increasingly becoming a crucial part of procurement as it enables organizations to make more informed decisions in terms of procurement strategies. – Indian railways, a crucial transportation system for the country, has always been plagued by various procurement challenges. The current state of procure

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AI can be applied to the procurement process in the Indian Railways to provide real-time information to procurement personnel. With the help of chatbots, AI can provide a wide range of information such as bid status, tenders, and availability of goods. The use of AI in procurement will result in significant improvements in efficiency, timeliness, and accuracy. The chatbots can provide real-time information, reducing the workload of procurement personnel and improving decision-making. It will reduce the need for manual intervention and

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AI can play a significant role in enhancing the procurement experience of Indian Railways. It can offer real-time updates, make procurement process more efficient, automate routine tasks, and provide an intelligent decision-making tool. The following are some key ways AI can improve procurement of Indian Railways: 1. Real-Time Updates: AI can provide real-time updates on various procurement decisions, such as tenders, orders, and contracts. The platform can send notifications to suppliers and other stakehold

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AI for improving the procurement experience of Indian Railways AI is transforming how we work. We’ve seen AI in the world of e-commerce, healthcare, finance and even in the airline industry. But perhaps the most significant application of AI is in procurement. Here’s an example of how it can be useful: Procurement is a process where the organization buys goods or services from a supplier. The most common methods of procurement involve manual processes. There is a huge need for automation in this

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AI-powered procurement systems can significantly improve the procurement experience in Indian Railways. a knockout post The procurement process has been a hassle-prone task for various reasons, such as poor connectivity, inefficient workflows, and manual input. Procurement systems that use AI technology can help overcome these issues. AI’s capabilities in automation, analysis, and decision-making can help Indian Railways reduce errors, enhance efficiency, and deliver quality products. Some examples of AI-powered procurement systems are:

Airbnb Etsy Uber Acquiring the First Thousand Customers

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Restorative Practices in US School Districts

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Chrysler Fiat

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Institutionalized Entrepreneurship Flagship Pioneering

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Mobile Banking for the Unbanked

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