A Study on the Impact of Artificial Intelligence Techniques in Enhancing Electronic Public Procurement System

Saurabh Bansal; Dr. Neelesh Jain1

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Publication Date: 2023/07/15

Abstract: Governance is widely understood as the "acts or working processes of the government" and develops through the government's ability to ensure efficient, effective, transparent and responsive administration. The advent of Artificial Intelligence (AI) has brought about major advances in many areas, and one area where its potential is being realized is the electronic public electronic procurement system. This paper examines the impact of AI on improving the government's electronic procurement system, focusing on the benefits, challenges, and implications of integrating AI technology into procurement processes. Introducing AI into electronic public procurement systems offers several benefits. AI automates repetitive tasks, freeing procurement professionals to focus on more strategic activities. AI systems can save both buyers' and suppliers’ time and money by streamlining processes such as supplier selection, bid evaluation, and contract management. In addition, AI's ability to analyze large amounts of data and identify patterns enables more accurate demand forecasting, better risk management, and optimized procurement strategies. Government procurement plays an important role in the efficient functioning of state and central governments and public institutions. The advent of AI technology has opened up new opportunities to improve public procurement processes, streamline operations, and achieve greater transparency, accountability, and cost- effectiveness. This paper reviews existing literature, analyzes case studies, and identifies AI techniques to improve e-government systems. Discuss the potential benefits, challenges, and ethical considerations associated with integrating AI into public procurement processes. Findings highlight the transformative potential of AI to revolutionize public procurement and provide policymakers, practitioners and researchers with insight into how AI technology can be effectively used in government procurement.

Keywords: Artificial Intelligence, Electronic Public Procurement, Automation, Efficiency, Transparency, Challenges.

DOI: https://doi.org/10.5281/zenodo.8149184

PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN2264.pdf

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