Buyer-supplier relationships (BSR) could be cultivated in different ways considering the availability of multiple sources of data, the opportunities behind the automation of certain tasks, and AI-driven supply chain operations. This is especially relevant in the context of the buyer’s procurement function because different sources of uncertainty and various stakeholders are involved, with a myriad of expertise, backgrounds, and incentives. In past applications, the results show that automated negotiations for $1 billion spending, saved 7-8%, compared with manual negotiations.
The Research question we aim to answer in this research is the following: how is the effect of Human-AI collective intelligence in BSR relationships (Maersk and its suppliers) using AI-driven Digital Procurement?
Research Approach (methodology): We apply experimental design and causal inference statistics to more than 280K Human and AI negotiations (executed).