Data for the materials used throughout industrial supply chains is dirty, incomplete, and inconsistent as it passes through end-user and supplier systems.
Every industrial distributor, supplier or integrator has received the 5000 line RFP/RPQ or on boarded that new customer that takes months instead of weeks because their data is less than desirable. The traditional solution has always been receiving these opportunities 1 by 1, data cleansing, manual processes, onsite-verification yada yada yada… that cost all parties too much time, money, and risk. Trusted Supply solves that.
Now entering our third year in the market supporting dozens of F500 manufacturers and generating hundreds of millions in savings opportunities for them, we recognized that the next evolution of supply optimization is to simplify buyer-supplier collaboration to build resilient supply networks.
Verusen’s Trusted Supply is an experience purpose-built for industrial suppliers, distributors and integrators featuring natural language AI models to enable suppliers to respond more effectively to customer needs, regardless of system or data quality.
Speed and scale wins. I’m proud that today, Trusted Supply will help remove the friction from the RFx process and that in the future, Trusted Supply will enable real-time collaboration between suppliers and their customers, eliminating data dependent manual processes to make it easier to buy, easier to sell and reduce risk across the supply chain.
Today, the offering is designed to streamline the RFx process, exponentially improving the match rate for materials requested by customers and prospects, enabling suppliers to respond in hours instead of weeks.
Future enhancements to Trusted Supply focus on improving efficiency and enhancing revenue generation with key areas of development including:
- Real-time exchange of demand signals with customers
- Tail spend optimization and contract compliance
- Collaborative planning capabilities between suppliers and their buyers
With improved inventory match rates, we provide suppliers with faster response times, higher order volumes, and larger contract opportunities, while allowing both parties to achieve better outcomes around material transactions.
So, if selling more product, implementing services faster, and understanding customer demand are your top priorities, contact us today.
To learn more about our Trusted Supply application, click here.