This project needs to be automated to provide accurate selections for the vendors. It should also provide an interface powered by Generative AI (Gen AI) for clarification and explanation.

Estimated Timelines:

The implementation is expected to begin with a Proof of Concept (POC) phase in the first 3 months, followed by a full rollout taking approximately 1.5 years.

Project Outcomes:

• Faster vendor selection with automation.
• More accurate choices through data-driven analysis.
• Increased procurement efficiency with streamlined workflows.
• Informed decision-making thanks to transparent AI explanations.
• Reduced risks with comprehensive vendor assessments.
• Potential cost savings from better vendor selection.
• Improved vendor relationships through clear communication.