AI Use Case

Capture 3rd party or internal data for price comparison and supplier relationship overview

Comparable data across multiple suppliers (or internal relationships) can allow for potentially significant negotiation power and cost reduction opportunities. Automated data aggregation and comparison from multiple sources significantly reduces the challenges to getting an aggregate and normalised view across organisations and suppliers.

Function

Supply Chain

Procurement

Benefits

Cost - Reduced replacement costs,Cost - Reduced inventory costs,Data - Data mapping / labelling

Case Studies

General Electric~General Electric has saved $80 million over the past few years by integrating supplier data across business units using machine learning

Industry

Data Sets

Structured / Semi-structured,Text

AI Technologies

Machine Learning (ML),ML Task - Prediction - Annotation,ML Task - Prediction - Multi-class Classification,Traditional AI

Potential Vendors

Tamr