GLO DemoKey Takeaways

Cut Costs and Increase Productivity With Autonomous Sourcing

• Traditional sourcing platforms use manual, repetitive processes and add little or no intelligence to drive better decision-making
  
  
• As an AI-first application, Globality  automates the buying journey and adds intelligent insights every step of the way, using data from previous sourcing events to deliver better business outcomes:
  
  
  • Glo, your AI advisor, guides users through an interactive dialog to dynamically create a brief capturing project details and proposal requirements
    
    
  • Glo guides business users through the sourcing process with guardrails put in place by procurement to ensure that users are compliant with category strategies
    
    
  • At any point in your sourcing process, you can ask Glo anything about Globality or procurement
    
    
• Glo uses ML and complex algorithms to match you with best-fit suppliers based on preset parameters:
  
  
  • Glo also surfaces providers’ relevant experience, certifications, and other data
    
    
• Glo provides intelligent insights, turning spend data into a value-creating asset:
  
  
  • Glo analyzes all provider proposals and provides advanced pricing analytics and negotiation insights to optimize spend
    
    
  • Easily compare provider proposals by leveraging Glo to break down project costs and timelines
    
    
  • Get even more competitive pricing with e-negotiation, where you can share details that Glo has calculated, such as providers’ rank and their variance to the lowest bid
    
    
• As well as generating up to 20% cost savings, autonomous procurement delivers 70% sourcing efficiencies, enabling you to become a true partner to the business.
  
  
• Instead of repetitive manual tasks, you and your team can spend more time on higher-value, strategic work such as:

1. 1. category strategy development
   2. supplier collaboration
   3. delivering on corporate ESG goals 

Procurement has long talked about earning its seat at the table by adding real value and driving better business outcomes – embracing autonomous sourcing ensures this vision becomes a reality in 2024.