Trending...
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Allstream Energy Partners Nominated in Multiple Categories for Fast Company's Best Workplaces for Innovators
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
Supply disruptions in chemical, automotive, pharma and food and beverage industries are driving rapid adoption of Bid Ops predictive sourcing capabilities, on display at SIG's Procurement Technology Summit, May 4-6, 2021
SAN FRANCISCO - ncarol.com -- The 2021 SIG Procurement Technology Summit runs May 4-6, 2021 online this year due to the pandemic and sourcing professionals are more hungry than ever for advanced technology to predict and win faster savings.
Supply disruptions from the so-called "Big Freeze" in Texas to the ship blocking the Suez Canal have overwhelmed sourcing teams -- not to mention the global microchip shortage. As supply complexity increases due to the acceleration of new product launches, sourcing teams at SIG's Summit will be looking for technology solutions that can help them do more with less.
"The value of procurement within companies has fundamentally changed," says former Chief Procurement Officer Matt Ziskie, who also serves on the Bid Ops Board of Directors. "Category managers want to spend their time focused on the highest value activity that supports their key stakeholders. They shouldn't have to spend time calling up five friends to find out if they are getting a good price or not. Bid Ops shows procurement teams what they should be paying and gets the whole process out of email-and-spreadsheets, which lets buyers focus on more important aspects of their job."
More on ncarol.com
That's one explanation for why Bid Ops has seen a surge of interest from manufacturing firms, growing over 300% in the past year. With a roster of customers including Bel Brands, Autotruck, Dover Chemical and Kurita Water, Bid Ops predictive sourcing driven by AI is turning heads in industries that have long embraced an Excel-based approach to sourcing.
Jean-Michel Dos Remedios, a sourcing leader at Bel Brands, said of Bid Ops capabilities: "In the procurement world, time is of the essence. Bid Ops has really helped to kickstart our digital transformation journey by giving us our time back through leveraging data and AI. These innovations make us faster, and the faster we get, the more we can accomplish, and the more successful we can be."
Bid Ops predictive sourcing platform offers a complete RFP, RFQ, RFI, Reverse Auction, and Spot Buy capability complete with KPI dashboards for tracking a team's savings pipeline alongside automated reporting on supplier diversity and sustainability. The platform includes a messaging app and document storage to get all supplier communication out of email.
"It's the only platform where you can run a fully autonomous RFQ with only a few clicks," says Bid Ops CEO Edmund Zagorin. "Sourcing teams are famously overworked. Many sourcing teams put in heroic efforts during the pandemic to secure enough PPE while at the same time re-negotiating office leases and corporate travel agreements. Now that businesses are re-opening, it's clear that sourcing teams need additional resources to continue delivering peak performance. That's why customers are turning to Bid Ops."
More on ncarol.com
SIG's Procurement Technology Summit coincides with Bid Ops welcoming new team members, including long-time collaborator Eric Buras as Head of Machine Learning and Data Science. "Our engineering team is really excited by the results our customers are seeing," says Eric. "When you can see the price paid variation for the exact same item, it becomes clear that the savings opportunities are quite compelling."
About Bid Ops
Bid Ops is the only predictive sourcing software built to keep your business ahead of the market. Your procurement team can leverage Bid Ops predictive AI to drive 2-5x more savings by getting better quotes faster. Learn more at www.bidops.com
Supply disruptions from the so-called "Big Freeze" in Texas to the ship blocking the Suez Canal have overwhelmed sourcing teams -- not to mention the global microchip shortage. As supply complexity increases due to the acceleration of new product launches, sourcing teams at SIG's Summit will be looking for technology solutions that can help them do more with less.
"The value of procurement within companies has fundamentally changed," says former Chief Procurement Officer Matt Ziskie, who also serves on the Bid Ops Board of Directors. "Category managers want to spend their time focused on the highest value activity that supports their key stakeholders. They shouldn't have to spend time calling up five friends to find out if they are getting a good price or not. Bid Ops shows procurement teams what they should be paying and gets the whole process out of email-and-spreadsheets, which lets buyers focus on more important aspects of their job."
More on ncarol.com
- Boston Industrial Solutions Introduces Personalized Printing Training
- Century Fasteners de Mexico Exhibiting at the 2026 Automotive & Aerospace Nearshoring Summit
- Retell AI White Label Platform for Agencies Launched by VoiceAIWrapper, With Branded Client Portals and No Per-Minute Markup
- FOCUS Names Mark Phillips Senior Vice President of Business Development
- Notaron Expands Online Notarization Access Following Wisconsin Approval
That's one explanation for why Bid Ops has seen a surge of interest from manufacturing firms, growing over 300% in the past year. With a roster of customers including Bel Brands, Autotruck, Dover Chemical and Kurita Water, Bid Ops predictive sourcing driven by AI is turning heads in industries that have long embraced an Excel-based approach to sourcing.
Jean-Michel Dos Remedios, a sourcing leader at Bel Brands, said of Bid Ops capabilities: "In the procurement world, time is of the essence. Bid Ops has really helped to kickstart our digital transformation journey by giving us our time back through leveraging data and AI. These innovations make us faster, and the faster we get, the more we can accomplish, and the more successful we can be."
Bid Ops predictive sourcing platform offers a complete RFP, RFQ, RFI, Reverse Auction, and Spot Buy capability complete with KPI dashboards for tracking a team's savings pipeline alongside automated reporting on supplier diversity and sustainability. The platform includes a messaging app and document storage to get all supplier communication out of email.
"It's the only platform where you can run a fully autonomous RFQ with only a few clicks," says Bid Ops CEO Edmund Zagorin. "Sourcing teams are famously overworked. Many sourcing teams put in heroic efforts during the pandemic to secure enough PPE while at the same time re-negotiating office leases and corporate travel agreements. Now that businesses are re-opening, it's clear that sourcing teams need additional resources to continue delivering peak performance. That's why customers are turning to Bid Ops."
More on ncarol.com
- Wings Air Helicopters Selected to Support VIP Transportation for Resorts World in New York
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Houston This October
- Greater Charlotte ASTA Celebrates 2026 Queen City Travel Summit
- The Social Capital Revolution Comes to Phoenix!
- Lawsuit Alleges American Deli Food Caused Severe Illness, Acute Kidney Failure, And Eight-day Hospitalization
SIG's Procurement Technology Summit coincides with Bid Ops welcoming new team members, including long-time collaborator Eric Buras as Head of Machine Learning and Data Science. "Our engineering team is really excited by the results our customers are seeing," says Eric. "When you can see the price paid variation for the exact same item, it becomes clear that the savings opportunities are quite compelling."
About Bid Ops
Bid Ops is the only predictive sourcing software built to keep your business ahead of the market. Your procurement team can leverage Bid Ops predictive AI to drive 2-5x more savings by getting better quotes faster. Learn more at www.bidops.com
Source: Bid Ops
Filed Under: Manufacturing
0 Comments
Latest on ncarol.com
- Leaping Cat Creative Takes Shape Around the Problems Nobody Quite Owns
- White Coat Financial Partners Announces Launch of Next Generation Practice Optimization Software
- Kerri Lawless Introduces New Home-Selling Option for Local Homeowners
- As Boone Takes Art to the Streets, KayeDinero Asks What Makes Creativity Human
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
- Black Mountain Meets "Human Error": KayeDinero on What Technology Can't Reproduce
- As Brevard Heads Into Mountain Song Weekend, KayeDinero Brings a Different Kind of WNC Sound
- Why Did KayeDinero Put Haywood Road Into a Song?
- Shelter Structures America makes European debut at TEMPOR EXPO 2026 in Fulda, Germany
- TekTone innovation meets patient care
- HydroExcavation.com Relaunches With Exclusive Local Service Areas and Dedicated Hydrovac Manufacturer Directory
- Sky Quarry Enters a Powerful New Chapter: Refinery Restart Emminent, Nevada Oil Initiative and Visibility Put (NAS DAQ: SKYQ) in the Spotlight
- OneVizion Launches Vera AI, Bringing Connected Operational Context to Infrastructure Teams
- P-Wave Press Announces Pushing the Wave 2025 by L.A. Davenport
- DONGSHENG Titanium Recycling: Promoting a Closed-Loop Cycle for High-End Titanium Materials
- Crawler Record for WordPress Version 1.0
- French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service
- Piedmont Crossing Celebrates 40 Years of Caring, Community, and Connection
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood