Role-Based Programme
RB1382

AI for Procurement & Vendor Management

Spend Intelligence, Supplier Performance & Strategic Decision Support

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Duration
16 Hours
Level
Intermediate
Delivery
Instructor-Led
Format
Capability Training

Programme Objectives

  • Develop practical AI capabilities across sourcing, purchasing, supplier management, contract management, Procure-to-Pay, risk, and procurement analytics.
  • Apply AI to analyse spend, supplier markets, quotations, contracts, performance data, commercial terms, risks, and procurement transactions.
  • Use AI to improve supplier research, RFx preparation, bid comparison, negotiation planning, vendor reviews, exception handling, and reporting.
  • Strengthen procurement decision-making through spend intelligence, cost optimisation, supplier-risk analysis, performance monitoring, and structured recommendations.
  • Apply responsible AI practices related to supplier confidentiality, commercial data, fairness, financial information, source validation, and human oversight.

Tools covered

Generative AI AssistantsAI Search & ResearchSpend AnalysisSupplier IntelligenceStrategic Sourcing SupportVendor Performance AnalysisContract AnalysisProcurement Risk AnalysisCost OptimisationP2P IntelligenceProcurement AnalyticsExecutive Summarisation

Who should attend

  • Procurement Managers
  • Procurement Executives
  • Strategic Sourcing Professionals
  • Category Managers
  • Purchasing & Buying Professionals
  • Vendor Managers
  • Supplier Relationship Managers
  • Procurement Analysts
  • Procurement Operations Professionals
  • Contract & Commercial Managers
  • Procure-to-Pay Professionals
  • Supplier Risk & Compliance Professionals
  • Spend Analysis Professionals
  • Commercial Managers
  • Procurement & Vendor Management Leaders

Prerequisites & Participant Readiness

  • Experience in procurement, sourcing, purchasing, supplier management, contract management, or procurement operations
  • Familiarity with suppliers, RFx processes, purchase orders, contracts, spend, commercial terms, and procurement KPIs
  • Basic familiarity with Generative AI tools is recommended
  • Ability to interpret procurement, supplier, and commercial information
  • No programming knowledge required

TOC Modules

Concepts
  • Understanding Generative AI, reasoning models, multimodal AI, and AI assistants
  • Exploring AI applications across sourcing, purchasing, vendor management, contracts, P2P, and reporting
  • Understanding how AI complements ERP, procurement suites, sourcing, CLM, and supplier-management systems
  • Recognising hallucinations, unsupported supplier claims, and limitations in commercial decisions
Practical activities
  • Mapping the end-to-end procurement lifecycle to practical AI applications
  • Identifying high-value versus high-risk AI use cases
  • Comparing traditional and AI-assisted procurement workflows

Scenarios

Procurement Requirement to Supplier & Commercial Recommendation

Business Requirement → Spend Analysis → Market Research → Supplier Discovery → RFx → Bid Evaluation → Cost & Risk Analysis → Negotiation → Recommendation

Participants use AI to manage a simulated procurement requirement from initial analysis through supplier comparison and negotiation preparation, producing an evidence-based sourcing and commercial recommendation.

Procurement Portfolio to Cost, Risk & Supplier Improvement Strategy

Spend Portfolio → Supplier Performance → Contract Review → P2P Exceptions → Supplier Risk → Savings Opportunities → Priority Actions → Procurement Roadmap

Participants use AI to analyse a simulated procurement portfolio, identify cost, supplier, contract, operational, and risk issues, and develop a structured improvement roadmap for procurement performance and value creation.

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