Harnessing Generative AI for Smarter Supplier Strategy

Authors:
Ria Verma, Andres Arturo Ayala Mennechey
MIT Supply Chain Management Program

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Summary:
In response to the rapid advancement of generative AI, our project seeks to harness the power of large language models to enhance category managers’ capabilities in formulating supplier strategies and optimizing procurement decisions. We will create a proof-of-concept chatbot that enables category managers to have conversations with data, thereby accelerating the decision-making process and uncovering insights for effective pricing and supplier selection strategies. 


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