AI-based Procurement System: Optimization of Material Ordering and Inventory Management in Volatile Markets

Gábor Princz; Fabian Reisacher; Selim Erol

doi:10.1016/j.procir.2025.02.214

AI-based Procurement System: Optimization of Material Ordering and Inventory Management in Volatile Markets

Gábor Princz
, Fabian Reisacher
, Selim Erol

Institute of Industrial Engineering and Management

University of Applied Sciences Wiener Neustadt

Research output: Contribution to journal › Conference article › peer-review

Original language	English
Pages (from-to)	873-878
Number of pages	6
Journal	Procedia CIRP
Volume	134
DOIs	https://doi.org/10.1016/j.procir.2025.02.214
Publication status	Published - 2025
Event	58th CIRP Conference on Manufacturing Systems, CMS 2025 - Twente, Netherlands Duration: 13 Apr 2025 → 16 Apr 2025

Keywords

Artificial Intelligence
Hybrid Procurement Strategies
Machine Learning
Resilient Manufacturing Systems
Smart Manufacturing

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10.1016/j.procir.2025.02.214

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@article{962fe96318674b6596020b598ab90a9f,

title = "AI-based Procurement System: Optimization of Material Ordering and Inventory Management in Volatile Markets",

keywords = "Artificial Intelligence, Hybrid Procurement Strategies, Machine Learning, Resilient Manufacturing Systems, Smart Manufacturing",

author = "G{\'a}bor Princz and Fabian Reisacher and Selim Erol",

year = "2025",

doi = "10.1016/j.procir.2025.02.214",

language = "English",

volume = "134",

pages = "873--878",

journal = "Procedia CIRP",

issn = "2212-8271",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - AI-based Procurement System

T2 - 58th CIRP Conference on Manufacturing Systems, CMS 2025

AU - Princz, Gábor

AU - Reisacher, Fabian

AU - Erol, Selim

PY - 2025

Y1 - 2025

KW - Artificial Intelligence

KW - Hybrid Procurement Strategies

KW - Machine Learning

KW - Resilient Manufacturing Systems

KW - Smart Manufacturing

UR - https://www.scopus.com/pages/publications/105009409438

U2 - 10.1016/j.procir.2025.02.214

DO - 10.1016/j.procir.2025.02.214

M3 - Conference article

AN - SCOPUS:105009409438

SN - 2212-8271

VL - 134

SP - 873

EP - 878

JO - Procedia CIRP

JF - Procedia CIRP

Y2 - 13 April 2025 through 16 April 2025

ER -

AI-based Procurement System: Optimization of Material Ordering and Inventory Management in Volatile Markets

Keywords

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