Trending...
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Service Guys Urges Ontario Homeowners to Book Chimney Cleaning and WETT Inspections Before the 2026 Heating Season
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
- Victor Archibong Expands ItsArchiDuh Creator Brand
- ACHC International Hospital Standards Earn ISQua EEA Accreditation
- Parade of Homes Winners Announced
- ClearSight Therapeutics Receives U.S. Patent Notice of Allowance
- Revinate launches hospitality's first data activation platform
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
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
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: Technology
0 Comments
Latest on ncarol.com
- The Shore Capital Financial Group Reaffirms Independent Operations and Brand Identity
- LCM Company Explains How DIY Sofa Spot Cleaning Can Cause Permanent Fabric Damage
- WOWX Completes Its Transition from CEX to Decentralized Derivatives Infrastructure
- LCM Company Shares Five Tips for Upholstery Cleaning in Charlotte, NC
- LowSignalMail Lets Users Handle Gmail by Text Message
- HSS Medical Supply Celebrates One-Year Anniversary of Its Top Performing Sales Team
- Jacombs Tickets Partners with UEFA to Offer Champions League Tickets
- Carolina Translation Center Provides Certified and Business Document Translations
- B Street Productions Announces Red Carpet Premiere Of Thriller "a Deadly Proposal" In North Car
- STEM For Kids Founder Launches Pre-Orders for "The Wealth Playbook for Tweens & Young Teens"
- Pivot Construction Expands Residential and Commercial Building Services
- Geospatial Innovation Comes to Sacramento: FOSS4G NA 2026
- Tulsa Air & Space Museum Launches "Give $16 for the F-16" Challenge to Bring Thunderbird Home for Veterans Day
- Hannk And Zubie Join Forces To Shape The Next Generation Of Connected Vehicle Telematics
- Coinfiliate Launches Platform to Helps Shoppers Earn Cashback and Creators Earn Referral Rewards
- Holiday Gambling Spending Expected to Rise 12% in December
- RAS AP Consulting Issues National Compliance Alert and Launches Q4 2026 AP Readiness Program Ahead of IRS FIRE → IRIS Cutover
- Claude Zdanow named Managing Director in Miami, Florida
- Pregis Launches Sharp InfinX: On-Demand Rightsized Mailing System Delivering a Precision-Sized Mailer for Every Order
- netElastic Announces vBNG And CGNAT 2.0 General Availability