Autonomous Sourcing
Leveraging technology to create
a 100% automated sourcing process
Autonomous sourcing in procurement uses the power of AI and Machine
Learning to automate the procurement process. Based on algorithms,
this approach allows for the analysis and evaluation of suppliers, products,
and pricing, leading to informed decisions based on data-driven insights.
Benefits of
Autonomous Sourcing
- Provides businesses with time and cost savings by eliminating manual processes, reducing errors, and improving efficiency.
- Frees procurement professionals to focus on more strategic tasks such as supplier relationship management and strategic sourcing.
- Increases transparency and accountability in procurement processes by providing real-time data and analytics which can be used to track performance, identify trends, and make informed decisions.
Touchless sourcing
by mysupply
- 100% automated sourcing processes
- 80% less effort by procurement team
- 5- 11% negotiation savings
Our product today consists of advanced
automation controls, along with rule-based conditions
that allow you to be flexible in each situation.
Example Use Cases
Spare Parts
Our customers use mysupply to source spare autonomously, whenever new demand appears. The trigger is set by APIs submitting the demand and suitable suppliers from SAP. After then demand was received in mysupply, the tendering process is started and suppliers are invited to submit their offers. Based on defined rules the demand is negotiated and awarded. Finally the awarded supplier and the final price is submitted via API to SAP for further processing and PO creation.
Lubricants (Diesel)
Our customers uses mysupply to source diesel autonomously on weekly basis. After the exact demand was received in mysupply, the tendering process is started and suppliers are invited to submit their offers. Based on defined rules the demand is negotiated and awarded. Finally the awarded supplier and the final price is submitted via API to SAP for further processing and PO creation.
FAQ
From bundling demands through RFP to negotiation and awarding. The whole process can run fully autonomous.
mysupply autonomous sourcing uses predefined settings to execute regular demands autonomously. The demands are submitted by API and the results are returned the same way.
We can integrate with almost any existing system, depending on your needs – whether that’s SAP Ariba, S4HANA or even an R3 or a simple Sharepoint connection.