AI for Improving the Procurement Experience of Indian Railways Sumanta Singha Milind Sohoni Sripad Devalkar Vijaya Sunder M 2023
Case Study Analysis
AI can significantly enhance the procurement experience of the Indian Railways (IR) through predictive analytics, real-time data management, automation of procurement processes, and collaboration between supply chain and procurement. It can increase the speed and accuracy of procurement, optimize procurement costs, and provide real-time information to reduce procurement cycle times by up to 25%. By 2025, the IR aims to reduce the procurement cycle time by 75% through AI-powered procurement
Porters Model Analysis
In the present day context, AI has grown to be an all-encompassing market trend. It has taken over several professions, and the healthcare industry is definitely not an exemption. It has replaced the role of nurses, doctors, and patients in numerous ways. One such role is that of procurement. go now Procurement is crucial to the smooth functioning of an organization. It is the responsibility of procurement officers to identify and acquire products that are required for the construction and maintenance of railways. In India, the
VRIO Analysis
AI technology has transformed the procurement process across various industries. Indian Railways is also no exception. In this report, I will elaborate on the AI technology in use by Indian Railways and its effect on procurement processes. In Indian Railways, procurement plays a vital role in the operations of the railway system. AI can help Indian Railways make informed decisions by automating the procurement process. The Indian Railways has been using AI technology for over 10 years now to improve procurement efficiency. AI technology
Recommendations for the Case Study
Firstly, I’d like to emphasize that AI and automation are vital to the success of Indian Railways in procurement. There are 1.3 billion people in the country and more than 110 lakh kilometers of tracks, making rail transport the country’s second-largest mode of transportation, behind roads. The procurement function is a vital component of rail operations, but it also poses significant challenges. The procuring organization often faces a number of complex factors. For instance, inadequate quality
Evaluation of Alternatives
AI in procurement is not new, but its use is increasing rapidly for identifying potential suppliers, reducing procurement costs, improving procurement quality and speed. These benefits have been documented in a study by Dr. Deepak S. Gupta at the National Institute of Public Finance and Policy. have a peek at this website AI can identify potential suppliers and suggest them by analyzing data on products, prices, delivery options and suppliers’ past performance. This helps to reduce the overall cost of procurement, as it reduces the need to evaluate and select suppliers one by
PESTEL Analysis
1. AI is transforming many different industries and businesses. In our previous article on AI and its potential impact on Indian Railways, we discussed the need for Indian Railways to adopt AI technologies. According to the government’s vision, AI is likely to transform various rail-related processes. For instance, the government has proposed setting up a Digital Rail Operations Centre (DROC) with the assistance of AI and Big Data Analytics. The DROC would be responsible for managing the rail network’s operations in real-
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AI (Artificial Intelligence) is a hot topic these days in the field of technology. AI technology is widely being used in industries worldwide. Indian railways, a leading transportation company of the world, also aims to use AI in procurement. The objective of using AI is to improve the procurement process of the Indian railways by automating certain processes such as document management and real-time bidding. The use of AI in the procurement process not only saves the railway organization from manual work but also enhances the