The company announced on June 29 that it will establish an AI-based smart purchasing platform. This initiative aims to further enhance the AX strategy, which has been a core focus since Heo Seong took over as CEO, thereby strengthening competitiveness across all business areas, including purchasing.
The smart purchasing platform is designed to simplify purchasing operations and address supply chain risks, regulatory pressures, and market uncertainties. AI will be integrated throughout the entire purchasing process, including strategic sourcing, development purchasing, supplier management, and procurement, to improve operational efficiency.
Reflecting the volatile raw material prices characteristic of the chemical industry, the platform will leverage extensive internal and external data to propose optimal purchasing strategies for various items and support supply chain-centric decision-making from the development stage. Additionally, it will utilize autonomous AI to automate procurement processes and analyze supplier performance, capabilities, and risks in real-time, ensuring supply chain stability and cost competitiveness.
The development purchasing system will also be strengthened to systematically manage costs and select optimal materials and suppliers during new product development. In cases where raw material changes are necessary, the AI will quickly search for alternative materials and simulate expected material costs, enhancing both product and price competitiveness, the company expects. The next-generation purchasing platform is set to be completed in the second half of this year after undergoing system analysis, design, development, and integration testing.
A Kolon Industries representative stated, "AI is no longer just a tool for supporting individual tasks; it is a key driver of innovation in work processes and sustainable growth. We will connect R&D, purchasing, supply chain management, production, quality, and logistics into a single data-driven value chain centered around AX to drive manufacturing innovation."
* This article has been translated by AI.
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