MUMBAI, India, Sept. 7 -- Intellectual Property India has published a patent application (202641059986 A) filed by Hindustan Institute Of Technology And Science on May 12, 2026, for System And Method For Autonomous Negotiation In Strategic Sourcing And Cost Optimization Under Volatile Market Conditions.
Inventors include Abhishek Samuel S; and Dr. Sudalaimuthu T.
The application for the patent was published on September 04, 2026, under issue no. 36/2026.
Abstract: The present invention discloses a system and method for autonomous negotiation in strategic sourcing and cost optimization under volatile market conditions, configured to intelligently negotiate procurement terms and optimize sourcing decisions through adaptive and autonomous mechanisms. The system comprises a supplier intelligence module, a market volatility analysis engine, an autonomous negotiation engine, a sourcing optimization module, and a procurement decision support framework. The system continuously evaluates supplier performance, market trends, cost fluctuations, inventory requirements, pricing behavior, and procurement constraints. The autonomous negotiation engine dynamically negotiates procurement terms including price, delivery timelines, quantity commitments, service agreements, and contractual conditions with suppliers based on predefined business objectives and market intelligence. The sourcing optimization module evaluates multiple procurement alternatives and generates optimized sourcing strategies for minimizing procurement cost, improving supplier reliability, reducing risk exposure, and maintaining operational continuity during volatile market conditions. The proposed invention enables intelligent, adaptive, cost-effective, and autonomous procurement decision-making for strategic sourcing environments.
Disclaimer: Curated by HT Syndication.
