Stay ahead of the COVID-19 pandemic
In these times of uncertainty COVID-19 has presented many challenges for organizations worldwide and we are here to help in any way we can. At ElectrifAi, we are dedicated to leveraging our AI and ML expertise to help you prepare by providing all our resources to support you.
Managing Costs During Disruptions: How AI and ML Give Unique Insights into Contracts with Suppliers
Uncover what actions you can take with contracted suppliers to reduce cost and risk during disruptive times.
Negotiating the best deals with suppliers not only gives your business favorable terms for execution but can also save you significantly. However, it is often difficult to understand where external risks should play a role in negotiations and how to leverage existing supply chain data in spend calculations.
For procurement professionals, understanding and mitigating risks depend on your ability to look inside enterprise applications to understand upstream and downstream needs, plus how these change during black swan events.
AI and machine learning have become leading tools to assist in unlocking these insights, highlighting opportunities for supplier contracts to protect the business relationship and reduce spend. They can also identify potential threats and understanding for when either you or your supplier cannot meet contractual obligations.
Go beyond simple spend analysis by joining ElectrifAi’s Michael Fox and Roland Simon for an hour presentation in partnership with SIG on how applying AI to procurement data can yield insights