AI for Supplier Risk Assessment: Identifying and Evaluating Reputational and Regulatory Issues
Supplier risk assessment is a critical part of any procurement process. It helps organizations identify and evaluate potential risks associated with their suppliers, including reputational and regulatory issues. AI-based natural language processing (NLP) models can be used to automate and enhance this process by extracting insights from unstructured data sources, such as news articles, social media posts, and regulatory filings. This can help organizations to identify potential risks early on and take steps to mitigate them.
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