When to buy? How much to buy? Who to buy from? What is the best way to buy? What risks and opportunities impact sourcing and procurement? The answers to these questions have a direct impact on an organization’s bottom line.
With Bristlecone’s Procure.AI suite of AI-enabled apps, CPOs, supply managers and buyers can answer these questions in the most profitable way. The suite is a combination of SenseProcure (understanding the real world) and SmartProcure (converting insights into actions).
SenseProcure
Supply Event Monitoring: Taps into the right information, translates qualitative data into the quantifiable impact on your supply chain.
Price Monitoring: Tracks raw material prices in real time with customizable threshold alerts, so you can act on upcoming market opportunities that impact your bottom line.
Spend Anomalies Detection: Detects common spend anomalies, generates alerts and prescribes corrective action when contractual terms are violated.
SmartProcure
Guided Buying: Helps buyers navigate the impact of real-world changes, supports proactive and profitable decision-making.
Contract Renegotiation Assistant: Analyzes and recommends contract SLAs with a focus on pricing clauses, triggers renegotiations and prescribes auto-amendment clauses.
Intelligent Sourcing: Intelligent supplier base normalization and win-win volume allocation based on expert cost models helps you build a smarter sourcing organization.