PROCUREMENT

Sourcing Cost Reduction

Identify cost-saving opportunities with data-driven insights across your supply chain operations

Sourcing Cost Reduction and its Key Benefits

Remove Data silos

Agent PO eliminates data silos by consolidating all data from your ERP/MRP, including supplier spend, inventory levels and risk factors making it accessible through natural language querying.

Data Driven Insights

Receive actionable insights from Agent PO that provide specific steps to reduce sourcing costs, empowering teams to make informed decisions.

Proactive Decision-Making

Focus more on strategic decision-making rather than data gathering, as Agent PO automates data collection and analysis from multiple sources.

How Sourcing Cost Reduction Works

Procurement and finance teams struggle with fragmented data scattered across ERP/MRP systems, leading to suboptimal decisions. Agent PO solves this by consolidating all necessary data (supplier performance, price changes, inventory levels) and making it accessible through natural language querying.

Insights to Drive Cost Reduction

Agent PO analyzes factors like material spend, supplier performance, and inventory risk, ensuring timely, actionable recommendations. It enables procurement and finance leaders to take specific actions, such as renegotiating contracts or consolidating materials, to reduce costs without compromising supply chain resilience.

Alerts for Strategic Cost Management

With Agent PO, users receive alerts that guide them through specific steps for reducing costs, eliminating the need for manual data gathering and allowing teams to manage cost reduction efforts by exception. Alerts are delivered via email or integrated tools, ensuring that the right team members act on them.