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Newtron AI

Benefit from the potential to increase efficiency through the use of artificial intelligence in your procurement processes!

Would you like to find out more about your savings options?
Then let our experts advise you now and make an appointment directly. We look forward to hearing from you.

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Trade even smarter

The use of AI in B2B procurement brings significant benefits in terms of automation, efficiency, risk management and data analysis. It helps companies to reduce costs, make more precise decisions and make the entire supply chain more agile and resilient.

Overview of Benefits

  • Time savings and error reduction through automated orders and invoice processing
  • Optimization of processes, better order quantities, reduction of storage costs
  • Better analyses for pricing, supplier selection and purchasing strategies
  • Early detection of supply bottlenecks and potential risks in the supply chain
  • Customized offers and purchasing strategies for specific company needs
  • Efficient communication and long-term partnerships through better data analysis
  • Evaluation of suppliers according to environmental standards and compliance with regulations
  • Accurate demand forecasts and price predictions reduce costs

Savings opportunities with our Newtron AI

Savings potentials eProcurement

  • Delta Report – Forecast of how the new prices in the catalog would affect total sales at the respective supplier if the ordering trend remains the same
  • automatic article search based on your own preferences
  • Approval preview – is automatically maintained by the AI and offers the buyer maximum transparency
  • Duplicate check for shopping cart deposit
  • Price threshold feature – the AI monitors prices and reacts as soon as certain limits are reached
  • AI-supported templates reduce errors and save time
  • Pre-testing the shopping cart against the ERP system to rule out errors in advance
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Savings potentials SRM | Supplier management

  • Product group-specific self-onboarding process
  • Event-based follow-up activities
  • Reminder of certificates with the assignment of revocation categories
  • Intelligent, product group-related follow-up activities such as approvals, questionnaires
  • Reminder functions based on BID data, completeness checks
  • Action management in the event of poor ratings
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Savings potentials eSourcing

Demand report
  • Automatic retrieval of data from external sources by the AI
  • AI selects supplier pool, for example on the basis of the request (hazardous goods, for example) or on the basis of past data. (see requirements specification in the portal)
  • Fully automatic transition from demand to tender
  • Sourcing automation – the process from request to award can be automated up to 100%
Tender
  • RFX opens automatically on the basis of the conditions
  • Active monitoring of active suppliers (incl. requests and reminders)
  • Offer ranking – price comparison incl. display of the difference to the set price
  • Award proposal – automatic award to the best bidder
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Savings potentials Contract

  • Intelligent reminder and escalation management based on critical contract data with a variable group of recipients
  • Automatic notification through the AI
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Savings potentials Catalogue

Price control and forecast | Delta-Report

  • AI ensures that no unwanted increases are hidden in the (price) contract (price control)

Template2Catalogue

  • Automatic enrichment of ordered FT requirements as an orderable item in the catalogue (indexing as a searchable item) by the AI
  • Repeated free texts can be made available to all users
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Internal catalogues 

  • Automated conversion of ERP data into BMEcat-compliant articles, enables the conversion of structured article lists into catalogue articles
  • No manual effort for provision as orderable catalogue items
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Savings potentials Onboarding

  • Automatic contact management
  • Supplier self-assessment
    • Automatic pre-filling based on customer specifications
    • Automating follow-up surveys (e.g. based on product groups)
  • Supplier self-assessment Approval
    • Intelligent approver determination (e.g. product group-based, workload-oriented)
  • Supplier self-assessment automatisms
    • Automatic reminder when proofs and certificates expire
    • Automatic categorization (and removal) on expiry
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Savings potentials Auction

  • Intelligent determination of the best bidder in a wide variety of scenarios by selecting the auction type
  • AI recalculates weighting and relative deviations even in the most complex scenarios:
    • Bidding field
    • Weighting OTC/Lifetime
    • Bonus/penalty
    • Time of bid submission
  • Tie-break function and control in subsequent auctions
  • Automatic control in pre-/post-calculation (depending on the complexity of the scenario)
  • Automatic award (committed auction) through AI
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Erfahren Sie, wie Sie dank Newtrons AI zusätzliche Einsparungspotenziale realisieren können.

Automation of routine tasks

AI can automate repetitive and manual tasks, such as order processing, invoice processing or supplier communication. This relieves purchasing staff of time-consuming tasks and reduces the susceptibility to errors.

Inquiries and offer comparison: Automated and simultaneous requests for quotations from suppliers by AI automatically provide you with a large number of digitally comparable offers.

Invoice processing: Automatic assignment of invoices to orders and monitoring of payment deadlines.

Increased efficiency and cost reduction

By automating and optimizing processes, costs can be reduced and efficiency increased. AI can accurately forecast demand, which leads to better order quantities and lower warehousing costs.

Demand forecasts: AI-supported creation of purchase requisitions and automated bundling of multiple requisitions.

Supply chain optimization: AI detects bottlenecks in the supply chain and recommends alternative suppliers or ordering processes to minimize disruptions.

Data analysis and improved decision-making

By using AI, huge amounts of data can be analyzed to identify patterns and trends that buyers would not be able to see. This improves decision-making in terms of pricing, supplier selection and purchasing strategies.

Supplier rating: AI-based systems can analyze data on supplier performance, pricing and delivery times in order to make informed decisions when selecting suppliers.

Offer analysis: For example, the AI checks all offers and analyzes them according to your preferences. Depending on the settings, the AI can select and approve the best offer fully automatically.

Risk management

In large companies in particular, buyers run the risk of falling into compliance pitfalls. Here, AI can help to comply with guidelines and uncover misconduct through automated data analysis and pattern recognition in the context of supplier search and selection, spending and contract creation.

Identifying risks: AI can recognize patterns that indicate future risks in the supply chain. Automatic plausibility checks of the supplier information to classify the risk factor are carried out and evaluated by the AI.

Predictive warnings: AI-supported early warning system for your suppliers’ financial risks with automatic alerts.

You are interested in our solutions and services?

We look forward to hearing from you!

Patrick Schmiedehaus

Patrick Schmiedehaus

Head of Sales