KRISH VENGAT N
PROCUREMENT TECHNOLOGY
KRISH VENGAT N
TITLE: VICE PRESIDENT CONSULTING
COMPANY: GEP
INDUSTRY: BUSINESS CONSULTING AND SERVICES
LOCATION: GREATER BOSTON, US
Krish is an experienced procurement and supply chain leader with a strong background of delivering company goals for over 15 years
into intelligent agents that operate autonomously whilst complying with governance and policies for security and privacy.
NTT has been able to benefit from the agents existing in a range of different industries and sectors, such as supply chain and logistics, where they are helping clients select and securely do business with AI startup partners, while also building AI agent prototypes to help businesses deploy and integrate pilots with purchasing workflows and processes and monitoring adoption, performance and return on investment.
Targeting the right tasks The most successful RPA implementations focus on specific types of procurement activities. Chris provides an insight into what he is seeing: that repetitive, high-volume, consistent and highly prescriptive tasks with clearly defined rules-based activities are the ones which are being automated with RPA using automation scripts, with the tasks including invoice processing, purchase order creation, vendor master data management and compliance checking.
The strategic value comes from when organisations move beyond task-level automation to sub-process automation.
“ The RPA-based automations are further stitched, integrated and augmented by Gen AI-based probabilistic decision engines to further automate at a sub-process level rather than just at a task level,” Chris says. The measurable benefits are substantial. Krish reports that clients are achieving 40 % gains in operational efficiency when combining RPA with AI technologies, while simultaneously enabling faster and more informed decision-making. procurementmag. com 127