Tackling Indirect Spend with Industrial Product Search

A common complaint that we hear across the manufacturing space is the hassle of managing indirect spend. Finding a new vendor for end mills, for example, generally only makes sense when your existing vendor raises prices or has an unrealistic lead time. Regardless of the situation, you need those end mills and you need them now. We believe this is a key area where AI and industry sourcing can converge to inject real efficiency into the world of procurement.

To solve this particularly annoying sourcing challenge, we've woven together enterprise-grade industrial data indexing, a little AI magic, and a rapid, no-nonsense search system to create our newest feature - Industrial Products.

Let's check out some of the features our Industrial Product search brings to the table.

Solving the Industrial Product Search Problem

You probably already have an MRO supplier. What happens, though, when that supplier doesn't have the safety glasses your shop uses? If you're operating on the same time-constrained schedule as most manufacturing companies, you hit up Google and wade through pages of results ranked by super-not-consumer-centric attributes like "who paid us the most money to be visible in these search results". This model benefits everyone involved except for you, the procurement professional. We don't like that.

Our Industrial Product search takes a different approach. We index all known vendors of a product for you, collecting price and lead time data in real-time. The product results that you see are unbiased and represent the actual current state of the market for that specific product.

Indexing the Entire Industrial Market

Our aim is to cover the entirety of the industrial product market. When we say that we've indexed all known suppliers, we mean it.

Our team's experience in the manufacturing space taught us how broad the industrial procurement landscape is. From end mills to safety glasses, there's no shortage of needs on the shop floor. Chances are, we probably already have coverage over most of the MRO and indirect components that you, the procurement professional, are spending your precious time sourcing.

Knowing which vendor sells which product is great, but knowing the exact price, availability, and lead time in that moment is even better. Our industrial AI procurement agent has you covered - they'll go check on your behalf in real-time.

Bulk Analysis

We understand saving on random indirect purchases won't significantly move the needle on margin. You know what likely will, though? Bulk purchasing analysis. There's no chance that you have time to thoughtfully consider, row-by-row, potential savings on your indirect spend.

On top of our real-time industrial product dataset, we'll soon be rolling out a bulk analysis feature. Give us a huge spreadsheet full of what you regularly buy and we'll give you a better version of it in return.

Our bulk analysis AI procurement model is tuned to look at your spend and let you know: which areas you're potentially overspending on; how much you could save by switching vendors for specific products, and where to buy each product. Because our AI matching models are tuned specifically for industrial procurement, we're able to accurately match fuzzy item names in many instances.

Get Started

Ready to jump in? All you have to do is register for a free account and start searching. As always, we'd love to hear your thoughts. Don't hesitate to email us at founders@purchaser.ai and let us know how your product search session went. And just to be clear, we promise humans are reading those emails - not AI.