Overview

AIP assists users in the preparation for negotiations by surfacing insights backed by past agreements and current market conditions, delivering potential opportunities for cost savings or value addition. Proactive argument suggestions and data insights empower Procurement Teams to enter negotiations with data-driven strategies. Users can quickly incorporate updates from negotiations into AIP to enhance for future negotiations.

Features

• Bill-of-Material (BOM) Generation: AIP enriches BOMs for vendor products down to the commodity level, allowing dynamic "should-cost" analyses.
• Negotiation Cockpit: AIP recommendations contextualize upcoming negotiations within qualitative relationship characteristics (e.g., ongoing agreements, past negotiations, historical terms violations) and exposure context (competitive vendors, alternative materials, forecasted needs) for human-in-the-loop review.
• Vendor Claim Extraction: AIP extracts information from vendor claims throughout the negotiation, providing a real-time understanding of the landscape (e.g., amended clauses, supply chain risks, underlying market condition changes, etc.).