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  • A123 Systems Powering a Sustainable Future Andrew Hoffman 2013

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    In the year 2019, Indian Railways launched “Indian Railways Supply Chain Management (IRSCM) Project”, an initiative to improve procurement operations. The goal was to modernize the procurement process by integrating various functional areas, including procurement, logistics, maintenance, and warehousing. AI plays an essential role in the Indian Railways’ procurement process. my blog With the advent of the Industrial Revolution, the procurement process for Indian Railways has also evolved to be more efficient, with

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    My experience as a procurement manager in Indian Railways inspired me to write a paper. I have been working in this sector for more than 5 years. At Indian Railways, procurement is a complex and time-consuming process, which involves a variety of stakeholders such as government, vendors, and manufacturers. It is critical for us to ensure that our procurement activities are efficient, effective, and transparent. AI can help us to achieve this. In this paper, I will discuss how AI can improve the procure

    PESTEL Analysis

    The AI-enabled procurement strategy of Indian Railways aims to automate its procurement process to enhance transparency and efficiency. The procurement process of Indian Railways currently employs traditional manual processes, with paper-based procurement and negotiation, which involves time-consuming processes and leads to delays and inconsistencies in procurement decisions. AI technology can be used to automate and streamline the procurement process, resulting in a better procurement experience for both employees and customers. AI

    Porters Five Forces Analysis

    The paper was written in third person and I used the tense “I” only for the first person. I used the first person’s natural conversational style to convey my personal experience and honest opinion to the readers. The paper had a strong focus on the use of AI to enhance procurement experience of Indian Railways. To address this issue, several companies had already started adopting AI-driven procurement automation systems that can process bidding and purchase data through predictive analytics. One of such companies was ITEL Infote

    BCG Matrix Analysis

    AI is expected to transform the procurement experience in Indian Railways in terms of cost optimization, reduced delivery time, faster and improved quality, transparency, automation, and predictive analytics. These transformations are in alignment with AI for Improving the Procurement Experience of Indian Railways Sumanta Singha Milind Sohoni Sripad Devalkar Vijaya Sunder M 2023. This is an innovative way to increase transparency, control, and reliability in procurement by providing better data visibility and

    Financial Analysis

    AI is rapidly transforming procurement functions across various industries. It is an exciting and evolving area, and railways has been following the lead of the tech industry in its use of automation and artificial intelligence for procurement functions. While the current procurement processes in Indian Railways have been manually administered for long, AI has enabled significant improvements in the procurement experience of the Indian Railways. In this essay, we will discuss AI-based procurement tools in railways and the advantages they bring to the procurement