No Data Found...
Being able to make prompt, well-informed procurement decisions is not only advantageous but also essential in today's fast-paced business world. Our RFQ (Request for Quotation) module at Eyvo eProcurement Solutions is utilizing Artificial Intelligence (AI) to give businesses a competitive advantage. Our innovative use of AI-driven pricing charts and insights is revolutionizing how businesses assess and choose suppliers, guaranteeing economical choices while saving valuable time.
The solution provided by Eyvo has always been user-friendly and has been ahead of the curve with the latest technologies. This is no different. The adoption of Artificial Intelligence (AI) to simplify the most tedious processes has been on our radar lately.
Procurement teams manage multiple RFQs daily, each with distinct supplier information, delivery dates, and prices. It takes a lot of time and is prone to mistakes and missed insights to compare these quotes by hand. This frequently results in expensive delays and less-than-ideal supplier selections.
Eyvo streamlines a complicated process by providing an AI-powered delivery analysis among many other important investigations by scrutinizing crucial supplier data. The procurement professional no longer has to go through spreadsheets. They can see supplier quotes in a visually impactful way to help them locate the best deal available.
Our AI doesn't just analyze price. Efficient supplier management is at the core of our RFQ solution. It reviews supplier activity and uncovers delivery inconsistencies to ensure you don't end up with a risky partner. By the combined nature of helping you with price and reliability, businesses can make smarter, quicker decisions.
Essentially, Eyvo’s AI has focused on two specific and automated areas: comparisons and summaries.
Pricing Charts:Rapidly compare supplier quotes to determine the best quote.
Delivery Insights: Evaluate delivery performance trends to identify hidden or masked risks.
Summary Reports: Create easy-to-read and understand reports highlighting the key metrics most important to you, from price to supplier reliability.
This full picture allows procurement teams to save time, save money, and reduce risk, all without compromising the quality of their decision-making.
Companies using Eyvo’s AI-enhanced RFQ module have reported:
Quicker review times and overall reduced times in the RFQ process.
Cost savings from choosing the most reliable and cost-effective suppliers.
Comparative accuracy in determining suppliers to reduce risk and disruptions.
Eyvo does not simply work to hasten the RFQ process, it enables your team to make more informed decisions that enhance cost efficiency and resiliency in your supply chain.
Artificial Intelligence (AI) isn't a fad, it's disrupting procurement. Eyvo bases its value proposition on adaptable modules that scale with your business, ensuring your procurement power adapts to ever-changing supplier and market conditions. Using Eyvo makes your procurement process not only quicker but also smarter.
Step into the future of procurement. Reach out to us at Eyvo to book a demo and explore how we can simplify your RFQ process!
