AI-powered supplier management and risk mitigation for a food services company
Opex Analytics worked with the client to address the challenge of avoiding brand
erosion by ensuring ongoing high food quality and service to the market throughout
their complex web of suppliers.
We joined the team to consolidate vast amounts of supplier and performance data,
providing value by first centralizing, rationalizing and establishing a common
reporting platform. Opex Analytics then applied machine learning on top of this wealth
of data in order to connect supplier activity and performance issues. The resultant
models determine risk patterns and recommend preventive action when needed.
Our robust web application provides global visibility, ongoing supplier insights and
alerts and recommendations to mitigate risk. Planners are now able to spend time on
preventative actions as opposed to fighting fires after the fact. These insights also
arm the procurement team with the ability to apply a fair set of standards across the
entire supplier base and utilize performance-based clusters to adjust their strategic
supplier management.
Since working with Opex Analytics, our client:
- Decreased manual effort while improving the measurements and tracking of risk on a timely basis.
- Discovered new found supply chain visibility and the security of previously tested contingency plans for when they need it most.
Talk to us to learn more about how we help brands continuously sustain and improve quality and service.