Role-Based Programme
RB1381

AI for Procurement & Vendor Management

Smarter Sourcing, Supplier Performance & Procurement Decisions

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Duration
8 Hours
Level
Basic
Delivery
Instructor-Led
Format
Workshop

Programme Objectives

  • Understand how AI can support Procurement & Vendor Management across sourcing, purchasing, supplier management, contracts, risk, and reporting.
  • Apply AI to analyse spend, supplier information, quotations, procurement transactions, supplier performance, and sourcing opportunities.
  • Use AI to improve RFx preparation, supplier comparisons, contract summaries, vendor communications, and procurement reports.
  • Develop practical skills for cost analysis, supplier evaluation, risk identification, negotiation preparation, and procurement decision support.
  • Understand responsible AI use, commercial confidentiality, supplier information, pricing sensitivity, governance, bias, and human oversight in procurement decisions.

Tools covered

Generative AI AssistantsAI Search & ResearchSpend AnalysisSupplier ResearchSourcing SupportRFx DevelopmentSupplier Performance AnalysisContract Review SupportProcurement Risk AnalysisProcurement Reporting

Who should attend

  • Procurement Managers
  • Procurement Executives
  • Strategic Sourcing Professionals
  • Category Managers
  • Purchasing Managers
  • Buyers
  • Vendor Managers
  • Supplier Relationship Managers
  • Procurement Analysts
  • Spend Analysts
  • Contract & Commercial Professionals
  • Procurement Operations Professionals
  • Supplier Risk & Compliance Professionals
  • Procurement & Vendor Management Team Leads

Prerequisites & Participant Readiness

  • Basic understanding of procurement, purchasing, sourcing, or supplier-management processes
  • Familiarity with suppliers, purchase orders, RFQs/RFPs, contracts, spend data, or procurement reports is helpful
  • Basic analytical, communication, and digital-tool skills
  • No programming or technical AI knowledge required
  • Prior AI-tool experience is helpful but not mandatory

TOC Modules

Concepts
  • Understanding Generative AI and its relevance to procurement and supplier management
  • Exploring AI support across sourcing, purchasing, contracts, supplier performance, risk, and reporting
  • Distinguishing AI assistance from ERP, e-procurement, supplier-management, contract, and analytics systems
  • Understanding AI limitations, hallucinations, bias, and commercial risks
Practical activities
  • Identifying recurring procurement activities suitable for AI assistance
  • Comparing traditional and AI-assisted procurement workflows
  • Mapping AI opportunities across the end-to-end procurement lifecycle

Scenarios

Procurement Requirement to Supplier Recommendation

Business Requirement → Spend & Demand Review → Supplier Research → RFx Preparation → Supplier Comparison → Cost & Risk Analysis → Negotiation Priorities → Procurement Recommendation

Participants use AI to support a complete sourcing exercise, from analysing a business requirement and researching suppliers to comparing proposals and preparing an evidence-based procurement recommendation.

Supplier Performance Issue to Vendor Improvement Plan

Supplier KPIs → Performance Gaps → Contract / SLA Review → Risk Assessment → Root-Cause Hypotheses → Corrective Actions → Supplier Review → Leadership Summary

Participants use AI to analyse sample supplier-performance issues, identify operational and commercial risks, and develop a structured vendor-improvement plan while retaining final decisions with authorised procurement and business stakeholders.

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