Enhancing Procurement Teams with AI-Enabled Negotiation Intelligence
Client Overview
A Saudi Arabian multinational chemical manufacturer facing challenges in supplier negotiations due to limited market insights.
Business Challenge
Lack of comprehensive data analysis led to suboptimal negotiation outcomes, impacting cost savings and supplier relationships.
Solution Impact
12% increase in successful negotiation outcomes
Average cost savings of 8% on renegotiated contracts
30% reduction in time spent preparing for negotiations
More effective, data-driven supplier discussions
Improved negotiation leverage through comprehensive supplier insights
Consistent approach to negotiations across the procurement team
Our Approach
Developed an AI-powered system to analyze supplier performance data, including spend, price variance, delivery timeliness, and quality metrics, to generate tailored negotiation strategies.
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
