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All Journal International Journal of Supply Chain Management
Jassim Alsaleem
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Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

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The Future of Risk Mitigation in Procurement: Contractor Prequalification Mazen Al-Sinan; Jassim Alsaleem
International Journal of Supply Chain Management Vol 10, No 4 (2021): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

-This paper discusses risk mitigation in procurement and how this could evolve over the next decade as a result of advances in Artificial Intelligence (AI) applications. The paper includes a literature review that covers contractors’ prequalification as a common measure for risk mitigation, a brief non-technical introduction to AI, and the previous research related to the application of AI in contractors’ prequalification. The paper expounds the current practice of contractor prequalification and reveals some of the current deficiencies in manual evaluation and the previously proposed AI models. Finally, the paper proposes a framework in which AI can assist risk mitigation in procurement.
Co-Authors Mazen Al-Sinan