This invention describes a system that helps businesses automatically manage their purchasing and product categories. It works by first understanding what a company needs to buy, then using an AI to analyze past purchasing data. The AI recommends the best way to source items, suggests suppliers, and can even help with negotiations, specifically by generating questionnaires for potential suppliers and allowing a bot to adjust the recommended strategies.
Why it matters: Filed before the widespread adoption of advanced generative AI. The AI engine's role in generating questionnaires and auto-negotiation could be significantly enhanced by modern large language models.
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