About mysupply

mysupply is an automated sourcing platform that utilizes AI-driven intake specifications and smart negotiation techniques to streamline the procurement process. By reducing operational procurement efforts by over 50% and increasing savings by more than 8%, it enables organizations to efficiently manage tactical and tail spend while empowering requesters to source independently.

```xml <problem> Many organizations face challenges in efficiently managing tactical and tail spend, leading to increased operational costs and missed savings opportunities. Traditional procurement processes often involve manual, repetitive tasks that consume valuable time and resources. This can result in reduced focus on strategic procurement activities and hinder overall business performance. </problem> <solution> mysupply is an AI-powered sourcing platform designed to automate and streamline the procurement process, specifically targeting tactical and tail spend. The platform employs AI-driven intake specifications to accurately define demands and uses smart negotiation techniques, including game theory, AI bots, and eAuctions, to secure optimal pricing. By automating key steps, mysupply reduces operational procurement efforts by over 50% and increases savings by more than 8%. The platform offers modules for AI-driven buying assistance, automated sourcing, and autonomous sourcing, providing a comprehensive solution for efficient procurement. </solution> <features> - AI Buying Assistant: Guides requesters with smart questions to define demands and directs them to the appropriate buying channel. - Catalog/Contract Buying: Automatically checks live catalogs and contracts for matching items to streamline the buying process. - Self-Service Sourcing: Empowers requesters to source independently while adhering to procurement guidelines. - Automated Sourcing: Automates sourcing processes for increased efficiency and savings. - Autonomous Sourcing: Automatically handles the procurement of repetitive goods and services. - Smart Negotiations: Employs game theory to set negotiation methods and uses AI bots and eAuctions to execute negotiations effectively. - Integration: Integrates with existing systems such as SAP Ariba and S/4HANA. </features> <target_audience> mysupply targets procurement experts seeking efficiency, procurement leaders looking to innovate, and organizations aiming to optimize their tactical and tail spend management. </target_audience> <revenue_model> mysupply offers tiered subscription plans: Standard (€99/month), Premium (€499/month with additional user fees), and Enterprise (custom pricing), with options for additional AI tokens. </revenue_model> ```

What does mysupply do?

When was mysupply founded?

mysupply was founded in 2020.

Founded

2020

Employees

18 employees

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mysupply

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

mysupply.de 3K+

Founded 2020

Funding

No funding information available.

Team (15+)

No team information available.

Company Description

Problem

Many organizations face challenges in efficiently managing tactical and tail spend, leading to increased operational costs and missed savings opportunities. Traditional procurement processes often involve manual, repetitive tasks that consume valuable time and resources. This can result in reduced focus on strategic procurement activities and hinder overall business performance.

Solution

mysupply is an AI-powered sourcing platform designed to automate and streamline the procurement process, specifically targeting tactical and tail spend. The platform employs AI-driven intake specifications to accurately define demands and uses smart negotiation techniques, including game theory, AI bots, and eAuctions, to secure optimal pricing. By automating key steps, mysupply reduces operational procurement efforts by over 50% and increases savings by more than 8%. The platform offers modules for AI-driven buying assistance, automated sourcing, and autonomous sourcing, providing a comprehensive solution for efficient procurement.

Features

AI Buying Assistant: Guides requesters with smart questions to define demands and directs them to the appropriate buying channel.

Catalog/Contract Buying: Automatically checks live catalogs and contracts for matching items to streamline the buying process.

Self-Service Sourcing: Empowers requesters to source independently while adhering to procurement guidelines.

Automated Sourcing: Automates sourcing processes for increased efficiency and savings.

Autonomous Sourcing: Automatically handles the procurement of repetitive goods and services.

Smart Negotiations: Employs game theory to set negotiation methods and uses AI bots and eAuctions to execute negotiations effectively.

Integration: Integrates with existing systems such as SAP Ariba and S/4HANA.

Target Audience

mysupply targets procurement experts seeking efficiency, procurement leaders looking to innovate, and organizations aiming to optimize their tactical and tail spend management.

Revenue Model

mysupply offers tiered subscription plans: Standard (€99/month), Premium (€499/month with additional user fees), and Enterprise (custom pricing), with options for additional AI tokens.