Category spend optimization

Category spend optimization with Source AI

Generative-AI-fueled strategic category management
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Source AI drives category spend optimization
Strategic category management is the key to unlocking procurement excellence and sustainable business growth. By deploying Source AI with Spendscape’s procurement analytics platform, category managers are empowered to make informed decisions by combining category-specific data with McKinsey’s functional, industry, and technological expertise.

How we support you

Harnessing the power of generative AI in category spend optimization

Source AI helps you understand your category spend with a 360° market intelligence engine to boost your strategic category management capabilities, cost savings, and efficiency.
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Harnessing the power of generative AI in category spend optimization
Luca D'Avino

We are proud to unleash Source AI, an innovative, fully automated solution that combines real-time internal data with up-to-date category-specific market insights. Source AI helps optimize category strategy by connecting all the relevant dots. This adds significant value through cost savings and faster decision making.

Luca D’Avino
Partner, Dubai

Our capabilities

Category facts icon
Category facts
Identify patterns and access real-time solutions for your entire category spend.
Market and supplier news icon
Market and supplier news
Access insights into the latest relevant market and supplier news.
Category facts icon
Category analytics
Categorize spend data and create intelligent spend cubes.
Contract review icon
Contract review
Get accurate contract summaries and prevent value leakage.
Idea generation icon
Idea generation
Generate new ideas using proprietary AI capabilities.
Negotiation preparation icon
Negotiation preparation
Prepare for negotiations by structuring convincing arguments.
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Case study

MRO category spend optimization for aluminum player

MRO category spend optimization for aluminum player

We identified savings potential of 4 to 6 percent across eight maintenance, repair, and operations (MRO) categories for an aluminum player. The impact was driven by customized advanced analytics focusing on category-specific initiatives, such as strategically sourcing materials from original equipment manufacturers (OEM) and low-cost countries (LCC), consolidating the supplier base, and eliminating price variance. Automated and guided insights empowered category managers to capture opportunities. Additionally, Source AI increased visibility on market data and enhanced efficiency by over 20 percent, allowing users to focus on value-add activities.

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