How Aera Decision Cloud™️ Transforms Procurement
Seamless procurement processes can make the difference between profitability and loss. As procurement continues to become more complex, efficient decision making has become a competitive differentiator. Our AI platform digitizes and automates decision making, overcoming today’s procurement challenges.
Collects, cleans, classifies, and organizes all cost data, helping organizations identify the root causes behind discrepancies.
Delivers in-depth insights and recommendations on sourcing strategies and organizational spend performance.
Automates decision making and execution based on configurable business policies and rules.
Improves supplier relationships by continuously monitoring the supplier performance and outcomes of past decisions.
Your enterprise needs real-time, end-to-end visibility, data-driven recommendations, and the ability to execute decisions at the moment of maximum impact. AI has made it possible for companies to better manage suppliers, capitalize on opportunities, and mitigate risks.
“With its Aera Decision Cloud platform, Aera is providing the AI and machine learning innovation required to help businesses automate decisions and advance decision management, no matter the complexity or size of their operations.”
Aera Decision Cloud helps companies address procurement decision-making challenges:
Automatically identifies deviations between the actual purchase price of an item and its standard or baseline price.
Ensures contracts for materials are in place to meet forecasted demand and recommends allocations to selected vendors.
Finds opportunities to renegotiate when the same supplier has multiple contracts with different terms.
Additional Aera Skills
Demand
Senses, predicts, and tracks changes in demand to generate the most accurate forecasts possible
Inventory
Addresses complex inventory challenges, taking demand and supply volatility into account
Order
Aera Order Skillset improves customer experience by helping to set the right expectations for order fulfillment while navigating the constant fluctuations in supply and demand.
Blog - Three Important Ways Decision Intelligence is Transforming Procurement
Video - Digitization and AI in Procurement: Deloitte’s 2023 CPO Survey Reflections
Whitepaper - Reinventing Sourcing and Procurement with Decision Intelligence
Video - Bridging Procurement and Supply Chain with Decision Intelligence