Some key facts and figures
About SourcingAI
We give procurement, supply chain and financial resources the platform and tools to accelerate the work to identify and quantify potential savings in their supply chain.
We carry out massive amounts of real time calculations to allow users to engage in the lightest way with our platform to deliver simple outputs based in sophisticated real time big data analytics.
Sourcing AI Digitises the first phase of Category Management
Savings and opportunity analysis.
SourcingAI is the solution to these problems
The SOURCING AI platform identifies savings in your supply chain and can guide you on delivering those savings. In doing so, the process of delivery has multiple positive outcomes.
1. Too many suppliers
not enough control
Over time supplier numbers grow and this reduces competition and increases the management and administrative overhead.
2. Too few suppliers
NOT ENOUGH COMPETITION
Reliance reduces competitive tension and can allow complacency whereby the supplier can leverage the relationship, innovation and advancement of services and products are curtailed.
3. Lacking robust contracts
suppliers are not accountable
Even basic standard templates and clauses deliver a level of conformance that gradually reduce the supplier management overhead and hold the suppliers accountable.
4. Lots of contract renewals
not enough competition
Volume of contracts and terms makes the supplier management overhead difficult and time consuming.
5. Long-term contracts
market dynamics not being considered
Over time suppliers become uncompetitive and should be reviewed in a competitive scenario to ensure competitiveness of services, prices and terms. Innovation will be lacking and could be an area to leverage.
6. Easy to change suppliers
encourage more competition
We supplement your resources with true subject matter experts to ensure you get the most informed support and guidance.
7. No buying specialties
uninformed purchasing
Supplier performance management is key to enforce accountability and ensure compliance and VFM.
8. No supplier reviews
missing savings and improvements
What gets measured gets done.
9. No savings targets
lack of procurement focus
We can help.