Supplier Finding, Evaluation and Price/Cost Analysis: RFQ and Cost of Arrival
Gains:
Ability to accelerate the supplier search, pre-selection and request for quotation (RFQ) process with artificial intelligence and configure evaluation criteria
Ability to make hidden costs visible by comparing different supplier offers with artificial intelligence support on the basis of landed cost
Understanding that supplier verification, reference checking and fraud risk are human responsibility, and artificial intelligence only provides preliminary analysis.