Procurement
Streamline procurement operations to enhance efficiency, reduce costs, and build resilient supplier relationships.
Transform procurement processes with AI-driven automation and real-time collaboration. From PO lifecycle automation to spend visibility and supplier-buyer collaboration, you can optimize operations, reduce costs, and ensure consistent material availability. Leverage advanced tools to improve supplier selection, enhance contract coverage, and build supply resilience, ensuring sustainable growth and operational success.
Benefits
24%
Reduction in effort by procurement team
24%
Service level improvement in material-led loss
20%
Reduction in procurement buying with spend optimization
Featured Skills
Spend VisibilitySupply ResiliencePO Lifecycle AutomationSupplier-Buyer CollaborationBest Supplier SelectionContract Coverage
Spend Visibility
Gain actionable insights into procurement spending to optimize costs.
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- UnderstandsTracks spending across categories and suppliers to identify inefficiencies.
- RecommendsSuggests areas for cost reduction and improved procurement practices.
- ActsAutomates spending adjustments and prioritizes cost-saving initiatives.
- LearnsRefines spend optimization strategies to:
- - Reduce procurement costs.
- - Increase budget efficiency.
- - Maximize ROI on procurement investments.
Supply Resilience
Build a resilient supply chain by anticipating disruptions and securing alternatives.
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- UnderstandsMonitors supply chain risks and identifies potential vulnerabilities.
- RecommendsSuggests alternative suppliers or inventory adjustments to mitigate risks.
- ActsAutomates supply chain adjustments to ensure continuity during disruptions.
- LearnsRefines resilience strategies to:
- - Prevent supply chain disruptions.
- - Improve operational stability.
- - Enhance risk management practices.
PO Lifecycle Automation
Streamline procurement operations by automating the purchase order lifecycle.
- UnderstandsAnalyzes procurement patterns to identify inefficiencies in PO management.
- RecommendsSuggests optimized workflows to minimize manual interventions.
- ActsAutomates PO creation, tracking, and updates, reducing effort and errors.
- LearnsRefines PO workflows to:
- - Decrease procurement operation time.
- - Improve process accuracy.
- - Enhance team productivity.
Supplier-Buyer Collaboration
Enhance material availability and service levels through improved communication and coordination.
- UnderstandsAnalyzes supplier performance and buyer requirements.
- RecommendsProposes collaboration strategies to align supplier outputs with buyer needs.
- ActsAutomates information sharing and joint planning to avoid material shortages.
- LearnsRefines collaboration models to:
- - Prevent material-led losses.
- - Improve service levels.
- - Strengthen supplier relationships.
Best Supplier Selection
Identify the most reliable suppliers to ensure quality and consistency.
- UnderstandsEvaluates supplier performance metrics and historical data.
- RecommendsProposes the best-fit suppliers for specific categories or requirements.
- Acts Automates supplier selection and contract negotiations.
- Learns Improves supplier scoring models to:
- - Enhance supply chain reliability.
- - Reduce procurement risks.
- - Increase supplier performance.
Contract Coverage
Optimize procurement efficiency by ensuring comprehensive contract coverage.
- UnderstandsIdentifies gaps in contract coverage for critical categories.
- RecommendsProposes contract updates or new agreements to mitigate risks.
- ActsAutomates contract creation and renewal processes.
- LearnsEnhances contract optimization strategies to:
- - Reduce procurement delays.
- - Improve compliance.
- - Ensure consistent supplier performance.
Key Decisions Needed
- What criteria do we use to evaluate and select the best-fit suppliers to improve reliability and reduce procurement risks?
- How can we optimize supplier collaboration to enhance material availability.
- What action should we take to achieve cost savings through spend visibility and optimization.
- How can we ensure supply resilience and contract coverage to mitigate risks.
How Aera Helps
- Automates PO lifecycle processes to reduce effort and improve efficiency.
- Enables real-time collaboration between suppliers and buyers to prevent material shortages.
- Provides actionable insights into procurement spending for cost savings.
- Builds supply chain resilience with predictive insights and automated adjustments.
Key Decisions Needed
What criteria do we use to evaluate and select the best-fit suppliers to improve reliability and reduce procurement risks?
How Aera Helps
Automates PO lifecycle processes to reduce effort and improve efficiency.
How can we optimize supplier collaboration to enhance material availability?
How Aera Helps
Enables real-time collaboration between suppliers and buyers to prevent material shortages.
What action should we take to achieve cost savings through spend visibility and optimization?
How Aera Helps
Provides actionable insights into procurement spending for cost savings.
How can we ensure supply resilience and contract coverage to mitigate risks?
How Aera Helps
Builds supply chain resilience with predictive insights and automated adjustments.
Related Skills
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Automate order management decisions to increase fulfillment speed, accuracy, and customer satisfaction.
Control Tower
Gain end-to-end visibility and insights to streamline operations and enhance decision-making.
Logistics
Automate logistics decisions to optimize cost, service levels, efficiency and sustainability
Revenue
Boost revenue and profitability with smarter trade promotions, media investments, and pricing strategies.
Finance
Automate financial planning and forecasting to drive efficiency, accuracy, and strategic decision-making.
Related Resources
On-Demand
Chief Procurement Officers: Four Key Decision Intelligence Trends
Future Now Webinar Series
Blogs
Procurement as a Catalyst for Supply Chain Transformation: Driving Revenue and Reducing Costs
In the dynamic and competitive global marketplace, businesses constantly seek innovative ways to gain an edge ...
News
Aera Technology Recognized Once Again as One of “50 Providers to Watch” by Spend Matters, Adds to Aera Procurement Skills™
Procurement Teams Rely on Aera Decision Cloud™ for Advancing Decision Intelligence with AI-Enabled Spend & Supply Management