International Journal of Supply Chain Management
Vol 10, No 4 (2021): International Journal of Supply Chain Management (IJSCM)

The Future of Risk Mitigation in Procurement: Contractor Prequalification

Mazen Al-Sinan (Unknown)
Jassim Alsaleem (Unknown)

Article Info

Publish Date
27 Aug 2021

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.

Copyrights © 2021




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Journal Info
International Journal of Supply Chain Management
Website

Abbrev

IJSCM

Publisher

ExcelingTech

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...