Reduce Sourcing Costs and Minimize Supply Chain Risks
Key Capabilities
Single pane of glass visibility into all sourcing operations
Single pane of glass visibility into all sourcing operations
- Unify all internal and external data across purchase orders, suppliers, inventory, items, market indices, news, weather, and other sources
- Provide a unified view of all sourcing activity and global visibility into supplier, item, and purchase order level performance
Sourcing price optimization
Sourcing price optimization
- Detect pricing divergence across suppliers by proactively monitoring pricing on purchase order lines
- Proactively identify lowest cost suppliers for items along with the associated supplier performance metrics
- Leverage configurable AI alerts to be informed of latest pricing insights
AI-based pricing anomaly detection
AI-based pricing anomaly detection
- Identify pricing fluctuations by tracking item price correlation with market price indexes
- Provide feedback into AI alerts and insights to continuously improve the accuracy of AI models
AI-based sourcing risk management
AI-based sourcing risk management
- Identify fulfillment risks and improve visibility into purchase order delays early on to mitigate downstream supply chain and manufacturing risks
- Leverage external data sources to monitor supplier financial health
Comprehensive sourcing performance tracking
Comprehensive sourcing performance tracking
- Perform detailed sourcing spend analysis across items, purchase orders, and suppliers over time
- Track and benchmark supplier performance across peers to reveal best practices and improve sourcing decisions
Scope
C3 AI Sourcing Optimization offers benefits across various inventory, business models and industries.
Items
Raw materials
Purchase parts
Sub-assemblies
Sourcing Models
Contract
Non-contract
Industries
Industrial Manufacturing
Oil & Gas
Aerospace & Defense
Healthcare
Retail
Utilities
Consumer Packaged Goods
Benefits for Supply Chain Professionals
Sourcing Manager
Leverage AI insights and alerts to identify new sourcing strategies to lower costs, increase efficiency, and minimize risks.
Analysts
Highlight pricing anomalies, supplier performance issues, and fulfillment risks to continuously improve the health of the supply network.
Supply Chain Executives
Monitor all sourcing activity, costs, and emerging risks on a single pane of glass.
Data and Architecture
