Leveraging AI in procurement and supply chains
Reduce costs
By optimizing operations and leveraging technology, businesses can reduce expenses and remain competitive in complex markets.
Build resilience
Faster, data-driven decisions empower companies to adapt quickly, ensuring stability and growth in uncertain environments.
Accelerate digital transformation
Empowering employees with digital tools accelerates innovation, driving the company’s transition toward a more efficient digital future.
PROCUREMENT: LET’S GET REAL!
GenAI and Advanced Analytics
Harness the power of AI to boost efficiency
In today’s rapidly evolving procurement landscape, staying ahead of the competition is more challenging than ever.
AI technology has the potential to revolutionize procurement processes from the ground up. Despite this, many organizations are struggling to fully exploit these opportunities effectively.
A lack of expertise in identifying and utilizing procurement-relevant use cases often hinder progress. Challenges including limited data transparency and growing volumes of unharmonized data from various sources further complicate effective implementation.
Addressing these issues is essential for organizations to harness the full power of these technologies. When successfully integrated and utilized, AI and advanced analytics can provide faster time to insight, data-driven decision making, automatic identification of cost-saving opportunities, and increased accuracy and reliability in procurement processes.
GenAI Use case collection along the sourcing value chain
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01 :Opportunity analysis
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02 :Value identification
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03 :RFx & e-auctions
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04 :Negotiations
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05 :Savings tracking
01 : Opportunity analysis
Opportunity Analysis Suite
Our AI and GenAI solutions quickly clean and harmonize millions of data points, delivering exceptional quality and unlocking valuable insights in minutes.
We enhance and categorize spend data using advanced AI, transforming raw inputs into actionable insights. Unlock deeper visibility into spending patterns for smarter, data-driven decisions.
Building on the previous steps, we leverage AI to uncover savings opportunities and pinpoint actionable levers for swift implementation. Enhance efficiency and unlock maximum value with intelligent, data-driven insights.
GenAI document intelligence
02 : Value identification
AI Value Finder
Opportunity Analysis Suite
Our AI and GenAI solutions quickly clean and harmonize millions of data points, delivering exceptional quality and unlocking valuable insights in no time.
We enhance and categorize spend data using advanced AI, transforming raw inputs into actionable insights. Unlock deeper visibility into spending patterns for smarter, data-driven decisions.
Building on the previous steps, we leverage AI to uncover savings opportunities and pinpoint actionable levers for swift implementation. Enhance efficiency and unlock maximum value with intelligent, data-driven insights.
Price Development Challenger
Our Price Development Challenger tool analyzes product costs by breaking them into categories like raw materials, production, and logistics, linking each to relevant indices such as a steel price index. By tracking index trends, it identifies whether a product’s price should have increased or decreased over time. This delivers rapid transparency, market insights, and highlights opportunities or materials for price negotiations.
GenAI document intelligence
03 : RFx & e-auctions
RfX co-pilot
Offer analyzer
04 : Negotiations
AI negotiation coach
GenAI contract analyser
05 : Savings tracking
AI spend guard
INVERTO Implementation Insights – I3
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Value Increase
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Settings Optimization
Our AI solutions and methodologies
- Develop strategies for AI in procurement and diagnose pain points
- Identify the benefits and limitations of AI use cases
- Outline data, technology, and AI and people requirements
- Prioritize and prototype use cases based on their value and ease of implementation
- Identify AI use cases with real ROI
- Leverage INVERTO’s ready-to-use toolbox
- Implement use cases that provide immediate savings opportunities and enable buyers to experience AI in action
- Create a comprehensive roadmap
- Build customized AI tools that integrate into the target workflow
- Implement a new operating model that leverages the impact of these tools
- Deploy and industrialize the use of these tools
- Leverage efficiency gains in your supplier workflow as a negotiation lever
- Re-evaluate make-or-buy decisions by incorporating more knowledge through GenAI technology
- Conduct AI-focused value-engineering workshops with suppliers to identify efficiency gains
- Continue to innovate and expand your AI capabilities
Our GenAI experts
Our latest insights on GenAI
