Overview

AIP empowers Procurement teams with a granular understanding of organizational procurement needs. This enables teams to optimize on levers such as cost and quality by harmonizing historical purchases with a real-time canonical product hierarchy.

Features

• Spend Category Analysis: Analyze the evolution of spend categories based on underlying materials and current vendor exposure. Evaluate potential change opportunities for categories with "what-if" scenarios (e.g., focus on a subset of vendors) as well as evaluate risks for others.
• Uncategorized Purchase Order Review: Tackle the "Uncategorized" bucket by leveraging AIP-generated recommendations to match with existing categories or new additions to the hierarchy.