Patent ID: 11880781
Assignee: NB VENTURES, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 22:
23. A System for Sourcing, the system comprising:
a category workbench application user interface configured for triggering a sourcing module to initiate at least one sourcing task based on a received demand from at least one data source;
an Artificial Intelligence (AI) engine coupled to a processor and configured for processing, in response to initiation of at least one sourcing task, a plurality of historical data from a data lake based on one or more data models to generate code for a recommended sourcing strategy through prediction analysis;
a data model database for storing one or more data models configured for generating the recommended sourcing strategy through prediction analysis and aggregated data patterns related to one or more object categories; and
a controller encoded with instructions enabling the controller to function as a bot for executing the code to inject the data patterns into the recommended sourcing strategy for generating at least one object characteristic data set,
wherein the processor is configured to process the object characteristic data set to identify one or more suppliers for executing the recommended sourcing strategy, wherein one or more recommended awarding scenario is encapsulated on the category workbench application user interface by the bot for selection to execute a sourcing operation, wherein the sourcing operation includes execution of the recommended sourcing strategy by the one or more suppliers.