Sourcing and Procurement

In this chapter, we explain intelligent business applications in the sourcing and procurement line of business (LoB) and how customers can benefit from this functionality. We provide a brief overview of the use case requirements, the business processes involved, and how they’re addressed. The sourcing and procurement LoB is huge, with a lot of potential to automate and fine-tune the processes. The focus of the chapter is on contract consumption, resolution for invoice payment block, supplier deliver prediction, new catalog items, image-based busing, and intelligent approval workflow. For these use cases, the concepts and frameworks explained in this elaboration were applied, which proves the real-world feasibility of those new inventions.