Automated Procurement Sourcing Solutions

Automated Procurement Sourcing solution empowers purchasing teams to make informed and rapid sourcing decisions. Leveraging harmonized material data, price comparisons, lead times, and contract terms, our solution streamlines procurement workflows and optimizes sourcing strategies. With the ability to surface vendor risks and facilitate collaboration between operational buyers and contract managers, this system ensures a smooth procurement process from start to finish.

Key Features:

• Purchase Request Parsing: Ingest and extract essential details from purchase requests, aligning them with your existing procurement systems for contextual clarity.

• Vendor Selection: Automate the identification of suitable vendors, solving capacity bottlenecks and enabling teams to make informed, cost-effective choices.

• Sourcing Operations Inbox: Provide context around requests, materials, and vendor alternatives, allowing buyers to collaborate effectively on sourcing decisions.

• Lead Time Analysis: Compare lead times across multiple vendors to optimize supply chain efficiency and reduce delays.

• Contract Term Matching: Cross-reference existing contract terms with procurement needs to streamline negotiation and sourcing processes.

• Risk Evaluation: Surface vendor risks based on performance, contract terms, and reliability, allowing you to make data-driven decisions.