A procurement team from a large catering company were struggling to match similar products purchased from different suppliers, hence the team were struggling to compare:
- Delivery performance of the supplier
- Number of complaints raised for the product per supplier
- Purchase price of the product from different suppliers
These information were vital to keep their prices competitive, maintain healthy profit and increase customer satisfaction for the services provided.
Our Data Scientist used the latest Text Analytics techniques to auto-match products from different suppliers, enabling the procurement team to :
- Identify which supplier had better delivery track record for the same product.
- Identify which supplier received most number of complaints, so they could investigate the reasons
- Compare purchase prices for the same product and explore saving opportunities.
Do you struggle to analyse suppliers and products statistics regularly?
Our professional consultants are here to implement and deliver similar projects for your organisation, contact us today to start.