Briefing on SmartBuy, a Cognitive Procurement Platform that applies ML & DL to enable a ‘guided buying’ process
The One Day briefing will include topics on key differentiators on how SmartBuy Offering
• Applies machine learning and deep learning techniques to solve complex sourcing and procurement problems • Enables intelligent purchase decisions – At what time, when and from whom • Recommends best price of an item based on internal and external factors • Recommends best supplier based on several parameters
SmartBuy provides a unified view of sourcing and procurement with a focus on application of AI / ML techniques on price forecasts, anomaly detection, spend optimization, savings recommendations and market intelligence. It captures, organizes and consolidates data from disparate sources, including internal ERP data and external web data, to provide actionable insights.
Key Value Propositions • Spend Classification • Contract Analysis • Market Intelligence • Smart Outsourcing
Key Offerings of SmartBuy • Unified Insights Platform • Data Platform on Azure to ingest, manage and curate data from varied sources • Persona and Geo based Dashboards to deliver insights based on standard KPIs and ad-hoc analysis • AI / ML Use Cases • Price Variance Detection, Clustering and Price Forecasts • Sentiment analysis in news feeds; Topic modeling on Information repositories • Event Correlation and Change Point Technique modeling • Alerts & Recommendations • Best price recommendation • Best Supplier recommendation • Savings Opportunities • Advisory Newsletters • Auto generated Alerts & Triggers Optional • Robotic Process Automation of RFQ and P2P processes • Chat Bots for information access
Technology Stack • Azure Storage • Azure Machine Learning • Azure Data Factory • Azure Kubernetes Service • Power BI • Azure Web App • Azure Cognitive Services