ProcureAI



Enriching Procurement Outcomes



ProcureAI is an End-To-End digital technology solution powered by ready to deploy AI/ML products that use algorithms backed by user experiences and opportunities presented by current advancements with connections back to your central procurement processes and environment.


ProcureAI takes advantage of these opportunities to address gaps in present-day procurement process.


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Helping Impact Bottomlines



ProcureAI's main goal is to empower decision makers like CPOs, stakeholders like procurement managers or participants like vendors or suppliers of the entire procurement process for achieving tangible impacts on wide-ranging objectives of risk temperateness, compliance, vendor effectiveness, cost optimization and governance


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ProcureAI Vision



Our mission is to deliver Superior engagement, data-driven decision making, higher business efficiency and improved bottom lines through smart collaborations between data, systems, settings and people


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Methods



  • Integration with automated AI platforms
  • Capture organizational and outsourced data for deep learning
  • Supervised and Unsupervised AI based deep Machine Learning algorithms for classifications and Vendor Matching
  • Procurement benchmarking of key performance data

Benefits

  • Increased end-user engagement & productivity
  • Integration of applications to end-user environments
  • Data-Driven decision making and uncovering of hidden insights
  • Automation of repetitive tasks
  • Analytics driven, improved accurate approvals
  • Higher collaboration and efficiency through context specific and user-aligned information
  • Cognitive Procurement with increased cost savings and reduced operational costs
  • Predictive income forecasting, identification & reduction of Risk and predictive market opportunities


Challenges in Procurement





Unidentified Risks





Do you have an overall picture of different risks affecting your supply chain?


Do you have operational visibility beyond Tier-1 vendors?


Are you aware of new and emerging supply chain risk event in real time?



Unknown Spending





Have you cataloged spendings based on historic data?


Are your vendors benchmarked through suggestive insights?


Has your organization predicted spendings for the next quarter, including unknown vendor events?



Semi-Digital Sourcing





Is your sourcing optimized to reactive spot bids?


Is your organization equipped with monitoring signals of market activities that highlight opportunities or risks?


Are customized recommendations able to materially improve your price position to forecast costs and savings?



Manual Contracts





Is your organization equipped to 'digitally' assess risks, uptimes, liability coverage and use of standard vs non-standard terms and conditions in a SLA?


Does your team have cybernated advantage to extract the terms, pricing, delivery obligations, payment terms, renewal clauses, and product/service performance in SLAs?



Unmanaged Data





Is your data spread across multiple ERP systems?


Do you regularly work with fragmented data entities?


Is spend or risk or another catalog incompatible to data maps?


Do you use multiplex data management solutions?



ProcureAI Solutions





ProcureAI is an enterprise-category, AI-driven solution backed by advanced analytics and intelligent technologies. Clients can increase clarity within and across all supply-chain functions to create a customer-driven, collaborative performance model that offers more transparency, effectiveness and cognilytics.


Using AI, we break down siloes that help deliver data-driven insights across different functions of a supply chain network to provide precision forecasting, expanded decision-making, increased strategic analysis and innovation around direct and hidden opportunities.



RiskAI




Improve awareness of risk events across your supply chain network to uncover weak spots through collaborative AI.


Take advantage of risk profiles that use external data to catalog, identify, assess, evaluate and help you mitigate cyber risks, natural-disaster risks, financial risks, delivery risks and reputational risks through Retrospective, Predictive and Prescriptive analysis and recommendations


With ML & AI driven monitoring, you can visualize, track, react and protect your business operations proactively.

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SpendAI




Spend analysis solution powered by procurement expertise, ML & AI, for faster and highly accurate Spend Visibility.


Your organization can achieve all-round Supply Optimizations and Automated Opportunity Discoveries to empower spend management over continued analysis.


Realize more financial transparencies and savings by AI-enabled Spend Classification and enhanced Taxonomy.


Achieve forecasting on Procurement Spend, Item Prices, and Profitability

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SourcingAI




Rationalize Sourcing Automation through intuitive and interactive solutions to bring state-of-art optimization ROI to a broader range of spend categories and sizes, ranging multiple Strategic Sourcing functions from yearly strategic RFPs to reactive spot bid events.


AI-enabled, sourcing automation bots un-restrain your buyers for more strategic & inventive decision making


Exploit information overload your cognitive advisor, applying AI to a range of data sources to serve up the most relevant recommendations, insights and predictions.

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ContractAI




Unravel higher value from each contract and process.


Empower your organization to grasp Contracts Data, Procurement Data through AI-driven Insights for achieving Contract Compliance, auto-renewals, detection of data breach events, unrealized pricing rebates, hidden incentives, etc


Your organization can achieve enhanced supplier visibility, scan risk exposures, save more on purchases and reduce cost on leakages through AI-powered integrated sourcing and lifecycle management for your supply chain management systems.

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Data2AI




Our ETL solution digests large amounts of data from multiple sources and apply complex rules and transformations to prepare for consumption by ML & AI engines


Data consolidation and integration is targeted to achieve automated & AI-enabled Data Cleansing and Normalization.


We provide Continuous Integration for Operational resilience owing to built-in error handling functionality in data transformation process

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Contact us: info@BLOCKnit.com


BLOCKnit LLC is a digital partner in helping clients transform ideas into solutions to take advantage of a new world of opportunity.



1400 112th Ave SE, Suite 100, Bellevue, Washington, 98004 USA


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