SourceMind™ is an AI agent that runs strategic sourcing from source to contract: spend and category analysis, twelve sourcing levers, contract review, RFI, RFQ and RFP events, automated negotiation and reverse auctions, bid optimization, term sheets, award, supplier onboarding and ongoing monitoring.
SourceMind™ does the work of a sourcing team. It analyzes spend by category, supplier and item, reads every contract, tests twelve sourcing levers, runs the RFP, negotiates with every supplier, and frames the term sheet. Then it onboards the winners and makes sure the savings stick. People set the limits and make the award.
Volume discounts, supplier consolidation, SKU rationalization, specification standardization, demand management, should cost and benchmarks, index linked pricing, payment terms, rebates and incentives, contract terms, regional and low cost sourcing, and make or buy.