Many industrial mid-market companies face significant challenges with supplier assessment. The manual effort is often high, while transparency and strategic use of data leave much to be desired. Artificial intelligence (AI) offers enormous potential here: from automated data analysis to predictive assessments and AI-supported decision support, it can revolutionize the entire process and elevate procurement to a new strategic level.

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In our exclusive live webinar "From Excel to AI: HUBTEX' Path to Automated Supplier Assessment - Lessons for Your Procurement" with Sebastian Vey, Group Head of Procurement at HUBTEX, and Karoline Rückerl, Head of Customer Development at Tacto, we explain how you can efficiently digitalize your supplier assessment processes and pave the way to AI-based evaluation.

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HUBTEX, a leading manufacturer of industrial trucks, faced typical procurement challenges: high manual effort for supplier assessments, lack of transparency in SAP, and missing automation for certificate requests and QA metrics, resulting in reactive rather than strategic procurement operations.

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The digitalization of supplier assessment with Tacto enabled HUBTEX to centrally collect all relevant data, automate processes, and gain transparency into supplier performance. This laid the foundation for implementing AI in supplier assessment.
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Concrete Applications and Use Cases for AI in Supplier Assessment

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1. Risk Assessment: AI-based linking of internal and external market data for risk assessment.

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‍2. Commodity and Article Analysis: AI data comparisons regarding commodity groups & articles.‍

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‍3. Revenue Analysis: AI-supported analysis of revenue development and identification of A-items.‍

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‍4. Contact Data Recognition: AI-based detection of supplier phone numbers.‍

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‍5. Comprehensive Assessment: Holistic supplier assessment with all data through AI.‍
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Outlook

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Tacto offers a forward-looking solution for integrating AI-based supplier assessment in mid-market companies. By using a central platform, companies can significantly increase their efficiency and minimize risks. The solution enables centralizing supplier data, automating assessment processes, and gaining deeper insights into supplier performance.

In our exclusive live webinar "From Excel to AI: HUBTEX' Path to Automated Supplier Assessment - Lessons for Your Procurement" with Sebastian Vey, Group Head of Procurement at HUBTEX, and Karoline Rückerl, Head of Customer Development at Tacto, learn how you can efficiently digitalize your supplier assessment processes and pave the way to AI-based evaluation.