Reimagining Procurement with AI *Subsidized Price!*
SBI261396
Event Detail
- Introduction
• Icebreaker activity - introduction of facilitator and attendees - Gaps and challenges
• Discovery session - Simple questionnaire to understand current Gaps and challenges in the procurement process - Fundamentals for Successful AI in Procurement
• Overview of the Current AI Landscape
Understanding different types of AI, trends, and their impact on the procurement function
• Importance of Data-Readiness
Building a robust data foundation to ensure AI-driven procurement strategies are accurate, and well-structured for actionable insights
• Understanding AI Limitations
Understanding risks associated with data bias, ethical challenges, and balancing the lack of emotional intelligence and human touch in procurement leadership
• Data Security Essentials
Best practices for data protection for sensitive IP / customer information, and regulatory compliance to data privacy standards - Frameworks to kickstart AI Implementation for Procurement
Using structured frameworks to identify, prioritize and execute AI opportunities in the Procurement function.
a. Digital Transformation
Understanding digital transformation and listing Procurement processes to identify opportunities to improve existing workflows.
b. Now-Where-How
Structured approach of using Now-Where-How to define the business strategy alignment with technology adoption for a positive outcome of either job redesign or technology solutioning - AI Quick Wins for Procurement
Deep dive into these key procurement areas - The challenges and how best to leverage AI and automation for competitive advantages. The workshop will focus on the (a) to (e) procurement workflows below. Due to time constraints, not all areas may be covered; priority topics will be based on the discussion needs of the participants on that day.
a. Needs Identification and Requirements Gathering
Using AI to reduce ambiguity and improve downstream alignment during the initial stage of identifying goods/services are required and translating them into structured, standardised requirements document. Applicable for one-time or recurring purchases.
b. Purchase Requisition and Specification Development
AI automation for the generation of structured purchase requisitions based on defined specifications and to determine appropriate sourcing approach (direct buy vs tender).
c. Supplier Sourcing, Evaluation and Comparison
AI-assisted supplier selection processes from identifying shortlisted suppliers to
Explore usage of AI to summarize discussion with suppliers and perform comparison against different suppliers
Quotes from different suppliers can be loaded into AI and act as knowledge base as comparison basis. AI-generated summarises from supplier discovery & discussions for streamlined vendor evaluation to building a centralised knowledge base from quotes for data-driven comparison and informed decision-making.
d. Negotiation and Contract Confirmation
AI for supplier proposals analysis with a weighted scoring matrix to support objective decision-making and improve negotiation outcomes with data-backed insights.
e. Purchase Order Creation
PO automation based on agreed proposal requirements, ensuring proper alignment between negotiated terms and contractual documentation.
f. Goods/Services Receipt and Verification
AI-assisted checks and smart alerts to flag out discrepancies and streamline acceptance workflows.
g. Invoice Processing and Payment Settlement
Automated invoice matching against PO and delivery records. Streamlined AI-assisted approval workflows for improved speed, accuracy, and efficiency. - Breakout Activity - Guided Approach to developing an implementation plan across the Procurement Lifecycle (1.5 hr)
Objective: Develop a practical AI implementation plan using the Digital Transformation and Now-Where-How framework in different stages of the procurement process. This breakout activity should not have more than 3 groups.
• Group Discussion (45 mins): Divided into groups of minimum 3 participants, each focusing on the entire topic (a-e), participants to develop an AI implementation plan
• Group Presentation & Feedback: 15-minute sharing of AI action plan for peer-to-peer learning and constructive feedback - Q&A
WHO SHOULD ATTEND
Representatives managing the procurement function for the organisation (specifically in Wholesale Trade):
• Procurement representatives (covering B2C and B2B)
• Procurement operations professionals
• Purchasing managers
Requirements
▪ Participants must bring a laptop with Internet connectivity
▪ Indicate sub-industry (eg Healthcare, Pharmaceutical, FMCG, O&G, Luxury Retailer)
▪ Internal Procurement Team
Contact Detail
For more information on the workshop or customized/in-house training at special rates, contact Josephine Ong at
Email: josephine.ong@sbf.org.sg
Tel: 67011135
Email: josephine.ong@sbf.org.sg
Tel: 67011135
Monday, 16 November 2026 - Monday, 16 November 2026 
9:00 AM - 5:00 PM
160 Robinson Road #06-01, SBF Center,Singapore 068914