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What is Scanmarket?

Scanmarket offers an all-encompassing Source-to-Contract (S2C) solution designed to enhance the procurement processes of businesses. By combining spend analytics, supplier management, and contract lifecycle management, the platform significantly boosts procurement efficiency. Its intuitive interface streamlines essential tasks such as creating RFPs, conducting eAuctions, and evaluating supplier performance. Additionally, Scanmarket's adaptable features enable organizations to customize their sourcing strategies and improve their engagement with suppliers, leading to substantial cost reductions. This approach not only promotes compliance and transparency throughout the procurement process but also empowers businesses to respond swiftly to changing market demands. Ultimately, Scanmarket is a vital tool for organizations seeking to refine their procurement operations and maximize value.

What is ChAI?

To effectively identify the most opportune moments for acquiring vital raw materials, create a persuasive narrative for internal stakeholders, identify ideal hedging times, negotiate favorable terms with suppliers, or define a hedge ratio, ChAI stands out as the perfect solution. This intuitive web application enables users to harness unbiased forecasts for material and energy prices by utilizing AI to scrutinize a vast array of pertinent data, including satellite imagery and the China 300 Index. Within a single quarter, fluctuations in the prices of certain crucial commodities can reach up to 20% of total spending, underscoring the importance of timing and pricing in procurement. Hence, securing purchases at the most beneficial moments is essential for procurement professionals and their companies. ChAI streamlines the task of determining the optimal timing for raw material acquisition by delivering numerical predictions for one week and six months into the future. Each of these forecasts is supported by clear explanations, equipping procurement experts with valuable insights to enhance negotiation strategies and refine purchasing practices. This innovative methodology not only bolsters decision-making but also plays a significant role in advancing cost management and strategic planning within the organization, ultimately leading to a more agile and informed procurement process. The result is a more resilient supply chain that can adapt to market changes with increased confidence.

Media

Media

Integrations Supported

Integrations Supported

Dash

API Availability

Has API

API Availability

Pricing Information

*All modules include our standard service
24/5 Quick Call support
24/7 Email support

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Unit4

Date Founded

1999

Company Location

Denmark

Company Website

www.scanmarket.com

Company Facts

Organization Name

ChAI

Company Location

United Kingdom

Company Website

chaipredict.com

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Contract Management
Sourcing Management
Spend Management
Supplier Management

Spend Analysis

Not specified

Categories and Features

Spend Analysis

Not specified

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