Most Procurement Leaders Feel Procurement Risks Had Constantly Increased
(Deloitte CPO Survey 2019)
22% Of Companies Lost At Least US$1.2 million In The Last 12 Months Due To Supply Chain Disruptions
(BCI, Supply Chain Resilience Report 2017)
50% Of Legacy Purchasing & Spend Analysis Software Will Be Retired By 2022
It will be replaced by Artificial Intelligence-powered cloud-based solutions
(Gartner predicts 2018)
According To Deloitte, 45% Of Chief Procurement Officers Have Used or Piloted Artificial Intelligence Software In 2018
Seven common areas where AI can be used across the procurement cycle.
Pre-Purchasing Stage
- Strategic Sourcing
- Supplier Identification
- Supplier Risk Management
Purchasing Stage
- Contract Management
- Purchasing
- Payment
- Spending Analysis
dbix AI Procurement focuses on the following use-cases
Increase Speed with Intelligent Sourcing
Supplier Risk Mitigation
Purchasing & Spend Analysis
How AI Can Help in Procurement
Make better decisions
Get the most from the information you’ve got. You can identify crucial trends and predict upcoming business opportunities with a data-driven organisation.
Identify new opportunities
Find growth opportunities by analysing business data, identifying new areas of opportunity, and creating actionable insights.
Improve operations
Provide your organisation with a single, unified solution to manage its business processes.
Automate manual tasks
Automate the monthly Procurement Performance Reporting.
Free up time
Transform your procurement function from a cost centre to a profit centre
Capture or apply scarce knowledge
Save, mine and collaborate on information. Never lose a fact again!
Identify new suppliers or markets
Expand into new market horizons and market products to a variety of customers.
Optimize supplier relationships
Relationship management is the key to optimising supplier relationships.
Move Forward With Us And Transform Your Sourcing Process Today.
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