A Framework for Supplier Selection Utilizing Artificial Intelligence

• In Event: OPERATIONS FINANCE INTERFACE: Innovations in Business and Technology: Transforming Industries

Abstract

This study outlines a novel strategy for assessing and strategically choosing suppliers, leveraging the power of artificial intelligence and data mining. These cutting-edge technologies are deployed with an eye towards risk management, considering the array of potential supplier options in the market that make it impractical. The advent of AI and data mining, however, makes this task feasible by automating the analysis and selection process. We also propose a further integration of AI with blockchain technology. This fusion could revolutionize supply chain finance, automating contracts and payments to boost overall efficiency.

Authors

• Qiannong (Chan) Gu, Ball State University

• Henry Han, Baylor University