Forecasts suppliers’ quotation prices in product manufacturing
Increases speed and efficiency by using AI to examine quotation responses in advance, where humans checked responses in the past.
Uses deep learning (DL) to estimate quotation prices based on product specifications and supplier information, and examine in comparison to actual prices. Can be used for screening abnormal quotation prices.
Procurement operations in manufacturing and other fields
Benchmarks, strengths, and track record
Enables estimates of appropriate quotation prices and presentation of items that impact quotation prices, and provides information that is useful in price negotiations, etc.