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Deacero: Driving Smarter Procurement in Steel Manufacturing with Autonomous Negotiation
Achieving Excellence in Source-to-Pay Transformation
Challenges
- Complex procurement processes hindering efficiency
- Lack of integration across procurement platforms.
- Difficulty in managing supplier relationships and negotiations.
Solution
- Autonomous Negotiation Agent (ANA): Enabled AI-led sourcing and negotiation strategies in real time, managing thousands of sourcing and negotiation events simultaneously.
- AI-Driven Negotiation Intelligence: Introduced dynamic negotiation tactics designed to identify potential savings—not just automate workflows.
- Tactical Spend Automation: Supported Deacero’s hybrid operating model by automating low-spend, high-volume transactions.
- Procurement Productivity Enablement: Freed buyers and end users from manual negotiations, allowing focus on strategic, value-added sourcing activities.
Result
- Enhanced procurement efficiency by 30%.
- Achieved seamless integration across platforms.
- Improved supplier management and negotiation outcomes.
Value Metrics
Thousands of Events
Negotiated in Parallel with AI
High-Volume, Low-Value Spend
Automated for Greater Efficiency
Productivity Unlocked
More Time for Strategic Procurement
Savings Identified
Beyond Traditional Automation
Deacero is a renowned leader in the manufacturing industry, specializing in steel wire production and committed to innovation and sustainable practices.
Website
(http://www.deacero.com)
“I never thought AI could manage negotiations, but after seeing it in action, it’s clear this is a game changer for procurement.”
VP Procurement and Strategic Sourcing
Ivan Martinez
Deacero
