Reduce unnecessary spend and leverage saving opportunities with Robobai.
The Retail and E-Commerce sector is one of the most reliant on procurement and supply chain management systems along with data analytics. In order for companies in this sector to attain the highest possible return on investment on their products and for the business, it is essential that data is analysed quickly and accurately so that procurement and buying teams make the right timely decisions. The retail and e-commerce sector is a fast paced environment in order to ensure supply chain is as profitable as possible, decisions are time critical - time is definitely money and things move fast.
This is why the Retail sector is one of the top implementers of spend analytics, these tools and platforms help procurement and buying teams to quickly and easily identify potential challenges within their supply chain. The profit margins that retail based companies work with are usually thin, so it’s essential that they reduce - if not eliminate - excess and unnecessary spend.
The most important part in making the right spending decisions is to ensure spend data is accurately classified and up to date from all data sources, such as: ERP, AP, PO, P2P, CR Card. With this data visualised procurement teams can make well informed and repeatable cost saving decisions.
Robobai ability to produce a visualisation of a company's spend within weeks is enabling procurement teams in the retail sector to make spend decisions at the right time within such a fast-paced environment. Our platform uncovers opportunities fast, giving category managers and procurement heads the ability to action savings opportunities that would be otherwise been unknown without the use of AI.
Find out how Robobai is increasing profit margins across the Retail and E-Commerce sectors, GET THE DEMO now!