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
- More than 11% spend savings
Our product today consists of advanced
automation controls, along with rule-based conditions
that allow you to be flexible in each situation.
The next big projects
Machine Learning and AI classify products into
various categories and execute sourcing processes
autonomously based on a set of training data.
- Advanced analytics and AI guarantee effective & data-driven decisions.
- Analyzing historical data and market trends for better sourcing.
FAQ
From bundling demands through RFP to negotiation and awarding. The whole process can run fully autonomous.
Machine Learning and AI classify products into various categories and execute sourcing processes autonomously based on a set of training data.
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.
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.