Blog
Deployed Market

Autonomous Sourcing Platforms

Aug 5, 2024
3
min read

Deployed is a decision and document intake platform – built for services procurement and external talent for projects that start smarter and finish stronger.

Deployed increases the use of Autonomous Sourcing platforms with built-in decision making, guiding the brief or the request to the most productive fulfilment channel, automatically posting a brief into the bidding process within a eRFx or sourcing process.

As an intake and digital drafting platform, our universal connector integrates into all of your existing management platforms. Our proprietary presignature® technology replaces Word and uploading to make Sourcing platforms 10x better for bidding and management. Forget clunky Word document templates and re-keying data into your systems. Deployed is the leading platform that offers a user-friendly and visually appealing approach to requests and drafting that requires no training and gets fast adoption.

Deployed’s unique features:

·      Incredible consumer grade interface for easy writing

·      AI used for better writing for clear project documentation

·      Searchable scope libraries written by leading experts

·      Fulfilment channel libraries for the right supply choices

·      Benchmark data from $250B+ services spend

·      Fully integrates into and enhances all management platforms

Deployed’s Digital Intake and Drafting enhances Autonomous Sourcing platforms.

Autonomous Sourcing platforms are a type of fulfilment channel. They are used for approximately 2% - 3% of all services spend within Enterprises (the rest via Preferred Suppliers). A requirement is uploaded viaWord into the platform, with sourcing used to select suppliers.

Deployed replaces Word and uploading, by allowing an Enterprise to create a single front door for all services procurement and talent requests, creating a brief for all services whether they are bid or not. Work that is bid is then sent directly Autonomous Sourcing platform to source.

What is an Autonomous Sourcing platform?

Autonomous Sourcing platforms are software solutions designed to automate and optimise the procurement process. They leverage artificial intelligence and machine learning to identify the best suppliers, negotiate terms, and manage supplier relationships.

Current way of working Upload requirements into platform from a Word Document
Integration with Deployed Brief written in Deployed and integrated into Sourcing platforms for bid or direct
Competition Sourcing, RfX, bidding platforms, marketplaces
Economic Buyers Procurement
Market Size The global Autonomous AI and Autonomous Agents Market is estimated to be worth USD 4.8 billion in 2023. It is projected to reach USD 28.5 billion by 2028 at a CAGR of 43.0% - (however this includes NVIDIA).

Autonomous Sourcing Main Features:

1. Supplier Discovery and Evaluation:

  • Use AI to identify and vet potential suppliers based on predefined criteria.

  • Analyse supplier performance and risk factors using historical data and predictive analytics.

 

2. Automated RFx (Request for Proposal/Quote/Information) Processes:

  • Generate and distribute RFx documents to suitable suppliers automatically.

  • Collect and evaluate responses using AI-driven scoring systems.

 

3. Negotiation and Contracting:

  • Automate negotiation processes through AI-powered chatbots or recommendation engines.

  • Streamline contract creation with automated templates and clause libraries.

 

4. Spend Analysis and Optimisation:

  • Analyse spend data to identify cost-saving opportunities.

  • Optimise procurement strategies based on data-driven insights.

 

5. Supplier Performance Management:

  • Monitor and evaluate supplier performance continuously.

  • Provide feedback and facilitate improvements through automated communication channels.

 

Autonomous Sourcing Value Proposition:

1. Efficiency and Speed:

  • Reduce the time required for sourcing activities through automation.

  • Accelerate supplier discovery, evaluation, and negotiation processes.

 

2. Cost Savings:

  • Identify and capitalise on cost-saving opportunities with AI-driven insights.

  • Reduce manual labour and administrative costs.

 

3. Improved Decision-Making:

  • Leverage data analytics and AI to make more informed sourcing decisions.

  • Enhance supplier selection and management with predictive insights.

 

4. Risk Mitigation:

  • Identify and mitigate supplier-related risks through continuous monitoring and analytics.

  • Ensure compliance with regulatory and policy requirements.

 

5. Enhanced Supplier Relationships:

  • Facilitate better communication and collaboration with suppliers.

  • Improve supplier performance through regular feedback and engagement.

 

Example Leading Companies:

1. Globality

2. Scoutbee

3. Keelvar

4. Jaggaer

5. Fairmarkit

 

These platforms exemplify the growing trend of using AI and automation to transform traditional Sourcing processes, delivering significant benefits in terms of efficiency, cost savings, and strategic value.

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Work begins before it starts®

Contact the team at Deployed to get more information about learning, automation, or platform demos.

Work begins before it starts®

Contact the team at Deployed to get more information about learning, automation, or platform demos.

Work begins before
it starts®

Contact the team at Deployed to get more information about learning, automation or pilots.