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AI & Strategic Sourcing - Keelvar in Minneapolis

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Location

The Hotel Minneapolis | Autograph Collection

215 S 4th St

Minneapolis, MN 55401

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Description

The first Sourcing Bots are being deployed in 2018 and this is radically changing how bid processes are managed. This roundtable discussion will focus on state-of-the-art approaches in sourcing and illustrate how Artificial Intelligence is transforming strategic sourcing. High performing teams will be able to conduct higher quality bid processes faster and glean much richer information from the market. It will also explore new developments in Automation & Sourcing Robotics that are pushing back the boundaries of performance and speed.

Time: Oct 11th 2018, 2:30pm - 5:30pm.

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Introduction: Alan Holland, Keelvar

AI and Machine Learning

  1. A basic primer on some important AI techniques.
  2. An example of Machine Learning in action.
  3. The relevance of AI for Strategic Sourcing.

eSourcing vs Sourcing Optimization

  1. Key differences in approach.
  2. Main advantages and considerations in the strategic design.
  3. Walkthrough - construction of a sample event.

From eSourcing 1.0 to 4.0 & The Rise of AI

  • Rich Wilson. Former CEO of Combinenet and present Non-Exec Director of Keelvar.
  • The major advances in eSourcing over the last 15 years.
  • Barriers to adoption of Optimization (eSourcing 3.0).
  • The industries that benefited most from Optimization.
  • Categories that saw widest adoption.

Bot Contests - Learnings from Trading Agent Contest for SCM

  • Prof Maria Gini, UMN, led led the design of Autonomous Trading Agents in AI research experiments.
  • A summary of the Supply Chain Management contest
  • How AI was used to improve speed and efficiency.
  • The kinds of complex decisions that can be made by AI

AI for Intelligent Sourcing Automation

  • How Speed of Execution opens up new negotiation paradigms: merging the benefits of auctions with the control of multi-round RFQs.
  • Level 4 Automation: Preview.
  • What's next in Level 5 Automation.
  • Auto-detection of categories and constructing sourcing strategies using AI.
  • Harmonizing sourcing strategies and ensuring mass adoption of best practice.
  • Other AI-based approaches for mass adoption of best practice and automation of sourcing.

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Location

The Hotel Minneapolis | Autograph Collection

215 S 4th St

Minneapolis, MN 55401

View Map

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