Omnichannel Procurement Orchestration System for Data Integration
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Manual user inputs and disparate data lakes in procurement services hinder efficiency in executing and completing procurement transactions due to fragmented and unstructured data across various databases.
Innovation Solution
An omnichannel procurement orchestration system using computer servers to generate recommendations and scores for procurement activities by accessing data from multiple disparate sources and channels, determining quantifiable features, and providing instructions for actions based on predicted values and historical data.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If manual user inputs and data lakes are used to score procurement activities, then procurement services can be provided, but efficiency in executing and completing procurement transactions is impeded due to fragmented and unstructured data
Solution Approach 1:
The patent merges multiple disparate data sources and unstructured data into a unified data lake, consolidating fragmented information from various procurement systems, suppliers, and internal databases into a single integrated repository that enables efficient scoring and analysis of procurement activities
Solution Approach 2:
The patent introduces an intermediary scoring system that processes and evaluates procurement activities by analyzing data from multiple sources, acting as a mediator between raw data and decision-making processes to automate efficiency improvements without requiring manual intervention
2Productivity
If disparate data sources and channels are integrated into a unified system, then procurement efficiency is improved, but system complexity increases
Solution Approach 1:
The patent creates a universal scoring system that functions across multiple procurement channels and data sources, enabling the same evaluation framework to process diverse inputs from electronic catalogs, manual requisitions, supplier portals, and internal systems through a single multi-functional platform
Solution Approach 2:
The patent transforms unstructured data from disparate sources into standardized structured parameters through the scoring system, converting varied data formats and channels into uniform evaluation metrics that can be processed consistently across all procurement activities
3Loss of time
If automated scoring and recommendation systems are implemented, then procurement decision-making efficiency is improved, but reliance on manual user inputs decreases which may reduce flexibility
Solution Approach 1:
The patent implements a feedback mechanism where the automated scoring system provides recommendations that can be reviewed and adjusted by users, creating a loop where automated analysis informs human decision-making while allowing user input to refine and override automated suggestions when necessary
Data Source
AI summary
This application relates generally to an omnichannel procurement orchestration system. Systems and methods for generating a recommendation for procuring a product or service by a purchaser entity are provided. An exemplary method includes accessing data for transactions associated with a proposed procurement transaction between one of a plurality of purchaser entities and one of a plurality of supplier entities. The data is received from a plurality of disparate data sources and by way of a plurality of disparate procurement channels. The method includes determining a quantifiable feature or attribute associated with the proposed procurement transaction. The method further includes generating a recommendation for acting upon the quantifiable feature or attribute, and providing the recommendation to the one of the plurality of purchaser entities or the one of the plurality of supplier entities.