Supplier evaluations pose major challenges for many companies in the industrial SME sector. The manual effort involved is often high, while the transparency and strategic use of the data leave a lot to be desired. Artificial intelligence (AI) offers enormous potential here: from automated data analysis and predictive assessments to AI-supported decision-making tools, it can revolutionize the entire process and take Procurement to a new strategic level.

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In our exclusive live webinar "From Excel to AI: HUBTEX's path to automated supplier evaluation - learnings 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 digitize your supplier evaluation processes and pave the way for AI-based evaluation.

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HUBTEX, a leading manufacturer of industrial trucks, was facing typical challenges in Procurement: a high manual effort for supplier evaluations, a lack of transparency in SAP and a lack of automation for certificate queries and QA figures led to a reactive rather than strategic function in purchasing.

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The digitalization of supplier evaluation with Tacto enabled HUBTEX to collect all relevant data centrally, automate processes and gain transparency about supplier performance. This laid the foundation for the use of AI in supplier evaluation.
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Specific applications and fields of use of AI in supplier evaluation

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

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‍2. Categories and article analysis: AI data comparisons in relation to Categories & articles.‍

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‍3. sales analysis: AI-supported analysis of sales development and listing of A-items.‍

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‍4. contact data recognition: AI-based recognition of the supplier's telephone number.‍

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‍5. Holistic evaluation: Showing the supplier evaluation of the supplier with all data by AI.
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Outlook

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Tacto offers a future-oriented solution for the integration of AI-based supplier evaluations in medium-sized companies. By using a central platform, companies can significantly increase their efficiency and minimize risks. The solution makes it possible to centralize supplier data, automate evaluation processes and gain deeper insights into supplier performance.

In our exclusive live webinar "From Excel to AI: HUBTEX's path to automated supplier evaluation - learnings for your Procurement" with Sebastian Vey, Group Head of Procurement at HUBTEX, and Karoline Rückerl, Head of Customer Development at Tacto, how you can efficiently digitize your supplier evaluation processes and pave the way to AI-based evaluation.