Procurement Excellence for a Global Petro-Chemicals Manufacturer
Client Overview
A Saudi Arabian multinational chemical manufacturer, managing complex procurement processes with numerous suppliers and material classes.
Business Challenge
Manual tracking of purchase patterns led to increased spending, delays in material acquisition, and suboptimal negotiations, hindering operational efficiency.
Solution Impact
Enhanced supplier selection and evaluation with increased visibility
Automated buyer communication optimizing time and efforts
Centralized data improved negotiation leverage with suppliers
Accelerated PR cycle time from 15 to 6.5 days
Streamlined resource allocation across procurement processes
Our Approach
Genesis AI implemented an AI-enabled Supplier Management system, consolidating Purchase Requisitions (PRs), enabling cost-effective negotiations through supplier ranking and price prediction models, and facilitating MRO contracting for improved collaboration.
USD 2.5 Million
Quarterly savings of USD 2.5 Million
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Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
