--- title: Strategic Sourcing for Supply Chain Optimisation description: April 17, 2014 Uncategorized OPTIMISE STRATEGIC SOURCING OPTIMISE STRATEGIC SOURCING Many new technologies hit the market along with hype that goes with them to optimise strategic sourcing how do you decided which ones to embrace, and which ones to give a wide berth? We are all aware of the hype surrounding Artificial Intelligence, so how […] image: https://blog.robobai.com/hubfs/12-1.png --- [Skip to the main content.](https://blog.robobai.com/optimise-strategic-sourcing#main-content) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) - Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - [Compliance](https://robobai.com/compliance) - [Contract Management](https://robobai.com/contract-management) - Solutions - [Master Data Management](https://robobai.com/master-data-management) - [Consulting](https://robobai.com/consulting) - [AI Engine](https://robobai.com/ai) - [Managed Services](https://robobai.com/managed-services) - [Industries](https://robobai.com/solutions/industries) - [Construction](https://offer.robobai.com/solutions/industries/construction) - [Manufacturing](https://offer.robobai.com/solutions/industries/manufacturing) - [Food & Beverage](https://offer.robobai.com/solutions/industries/food-beverage) - [Health](https://offer.robobai.com/solutions/industries/health) - [Retail & E-Commerce](https://offer.robobai.com/solutions/industries/retail) - Resources - [Datasheets](https://robobai.com/datasheet-products-and-services) - [Case Studies](https://robobai.com/case-study) - [About Us](https://robobai.com/about-us) - [Newsroom](https://blog.robobai.com) [Demo](https://robobai.com/request-a-demo) [Contact](https://robobai.com/contact-us) [![https://robobai.com/hubfs/twitter%20(3)-1.png](https://blog.robobai.com/hubfs/twitter%20(3)-1.png)](https://x.com/RobobaiGlobal) [![https://robobai.com/hubfs/linkedin%20(3).png](https://blog.robobai.com/hubfs/linkedin%20(3).png)](https://www.linkedin.com/company/robobai/) [![https://robobai.com/hubfs/youtube%20(2).png](https://blog.robobai.com/hubfs/youtube%20(2).png)](https://www.youtube.com/@RobobAI) Toggle Menu Toggle Menu [Demo](https://robobai.com/request-a-demo) [Contact](https://robobai.com/contact-us) - Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - [Compliance](https://robobai.com/compliance) - [Contract Management](https://robobai.com/contract-management) - Solutions - [Master Data Management](https://robobai.com/master-data-management) - [Consulting](https://robobai.com/consulting) - [AI Engine](https://robobai.com/ai) - [Managed Services](https://robobai.com/managed-services) - [Industries](https://robobai.com/solutions/industries) - [Construction](https://offer.robobai.com/solutions/industries/construction) - [Manufacturing](https://offer.robobai.com/solutions/industries/manufacturing) - [Food & Beverage](https://offer.robobai.com/solutions/industries/food-beverage) - [Health](https://offer.robobai.com/solutions/industries/health) - [Retail & E-Commerce](https://offer.robobai.com/solutions/industries/retail) - Resources - [Datasheets](https://robobai.com/datasheet-products-and-services) - [Case Studies](https://robobai.com/case-study) - [About Us](https://robobai.com/about-us) - [Newsroom](https://blog.robobai.com) - [Demo](https://robobai.com/request-a-demo) - [Contact](https://robobai.com/contact-us) - Partner Login [Linkedin](https://www.linkedin.com/company/robobai/) [X](https://x.com/RobobaiGlobal) [YouTube](https://www.youtube.com/@robobai7442) 1 min read # OPTIMISE STRATEGIC SOURCING [Admin](https://blog.robobai.com/author/admin) : Apr 17, 2014 - [Tweet](https://twitter.com/share) ![OPTIMISE STRATEGIC SOURCING](https://blog.robobai.com/hubfs/12-1.png) OPTIMISE STRATEGIC SOURCING Many new technologies hit the market along with the hype that goes with them to optimize strategic sourcing how do you decide which ones to embrace, and which ones to give a wide berth? We are all aware of the hype surrounding Artificial Intelligence, so how do you decide how and who to use in the ‘World of AI’ to allow you to [source strategically](https://en.wikipedia.org/wiki/Strategic_sourcing)? A good method would be to break down your sourcing process and look at how using machine technology like RobobAI can benefit its individual areas. ![prescriptive](https://blog.robobai.com/hs-fs/hubfs/RoboBai_Theme/blog%20media/prescriptive.jpg?width=300&name=prescriptive.jpg) **Turning data into information using descriptive analytics** – Who spent money with who, on what, and at what costs? How can using the RobobAI platform help me auto-classify my exhaustive data sets of unorganized spend data into my preferred spend taxonomy structure? **Turning information into backward-looking insights using Diagnostic analytics** – What is driving the price of raw materials up? Why are certain things happening? How does RobobAI pinpoint where we losing value? How can using Artificial Intelligence actively seek out trends that can direct me to the root cause of my process pain points? **Creating forward-looking insights using [predictive analytics](https://blog.robobai.com/)** – How can I identify clauses in contracts that could create a business risk? Can I predict potential scenarios like supplier insolvencies? How can I forecast commodity prices more accurately, to allow me to predict product profitability? How does the RobobAI platform support these scenarios? **Prescriptive analytics to turn insights into action **– How do I create the best strategy to source against a predetermined set of requirements? Should I complete it and what format should I use? What scenarios should be considered? How should I construct my market basket? What do I need to be doing to mitigate risk and negotiate savings tradeoffs? **Cognitive analytics learns to interpret the reason why the predicting and prescribing is working or not** — and then develop new models to increase demonstrated intelligence – Is the system capable of performing analysis on my upcoming bidding event, creating and asking me relevant questions about it, recommend questions to gather data that can help me select my bidding behavior, create an optimal a bidding strategy; and then refine any subsequent bidding rounds based on supplier feedback? *Find out how RobobAI will optimize strategic sourcing within your organization.* Contact: Steve Ward Email: sward@robobai.com Call: +61 404 700 326     ### Related posts [![Sustainable sourcing: how a green supply chain became the new corporate necessity](https://blog.robobai.com/hubfs/RoboBai_Theme/blog%20media/blog_posts_large_01-600x400%20(1).png)](https://blog.robobai.com/sustainable-sourcing-how-a-green-supply-chain-became-the-new-corporate-necessity) #### [Sustainable sourcing: how a green supply chain became the new corporate necessity](https://blog.robobai.com/sustainable-sourcing-how-a-green-supply-chain-became-the-new-corporate-necessity) [Admin](https://blog.robobai.com/author/admin) Sustainable sourcing: how a green supply chain became the new corporate necessity [Read more >](https://blog.robobai.com/sustainable-sourcing-how-a-green-supply-chain-became-the-new-corporate-necessity) [![The Ethical Sourcing Enigma: 4 Ways AI Can Help Solve Supply Chain Sustainability](https://blog.robobai.com/hubfs/The%20Ethical%20Sourcing%20Enigma%204%20Ways%20AI%20Can%20Help%20Solve%20Supply%20Chain%20Sustainability.png)](https://blog.robobai.com/the-ethical-sourcing-enigma-4-ways-ai-can-help-solve-supply-chain-sustainability) #### [The Ethical Sourcing Enigma: 4 Ways AI Can Help Solve Supply Chain Sustainability](https://blog.robobai.com/the-ethical-sourcing-enigma-4-ways-ai-can-help-solve-supply-chain-sustainability) [Julian Harris](https://blog.robobai.com/author/julian-harris) The Rubik’s Cube is an incredibly deceptive puzzle. With just six sides, this small block can produce nearly 43 quintillion combinations. 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