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Gen-AI BestPick | Purchasing and Logistics (Supplier Evaluation)

  • September 24, 2024

Purchasing and Logistics (Supplier Evaluation)

 

Introduction

The API /virtualbot/best_option/ enables companies to analyze proposals from multiple suppliers and select the best option based on criteria such as product quality, price, and delivery times. It receives data in JSON format and attachments, allowing for the automation of the evaluation process and reducing the time and effort required for decision-making, ensuring that the option is based on objective data.

 

Common Use Cases:

 

  1. Comparison of Supplier Offers by Price and Quality: The API /virtualbot/best_option analyzes supplier proposals, comparing the price offered for products or services and the quality based on customer specifications or previous reviews.
    Application: Automatic comparison of multiple proposals to find the option with the best balance between competitive pricing and product quality.
    Request Example:
{
   "user": "purchases@company.com",
   "type": "supplier",
   "prompt": "From all supplier proposals, determine which offers the best balance between price and quality for purchasing electronic products."
}
  1. Selection of the Most Reliable Supplier for Long-Term Contracts:

The API evaluates the history of suppliers, identifying their reliability in fulfilling long-term contracts, consistent quality, and after-sales support, helping to select strategic partners for lasting business relationships.

Application: Evaluation of supplier reliability before finalizing long-term contracts, ensuring they can maintain consistency in quality and delivery.

Request Example:

{
   "user": "logistics@company.com",
   "type": "supplier",
   "prompt": "From all these proposals, identify which supplier has maintained the highest reliability and consistency in long-term contracts."
}
  1. 3. Identification of the Best Option in Terms of Delivery Time:

The API analyzes supplier proposals to identify who has the fastest and most reliable delivery times. It checks consistency in past deliveries, helping to select those suppliers who can meet tight deadlines.

Application: Selection of the supplier who can meet the tightest delivery deadlines, especially in industries where time is critical, such as manufacturing or retail.

Request Example:

{
   "user": "operations@company.com",
   "type": "supplier",
   "prompt": "From all the proposals, identify which supplier has the fastest and most consistent delivery times."
}


Specific API Functions for Purchasing and Logistics:

  1. Automatic Comparison of Prices and Product Specifications:

The API analyzes supplier proposals, comparing prices and specifications of products or services, helping to select the best offer in terms of cost and quality.

Application: Comparison of prices for electronic products, raw materials, or supplies to select the best deal.

  1. Quality Analysis Based on Reviews or History:

The API evaluates the quality of products based on previous customer reviews and the supplier’s history, identifying consistency in meeting quality standards.

Application: Evaluation of suppliers for manufactured products or services based on customer feedback and their history.

  1. Long-Term Reliability Assessment:

The API reviews the supplier’s history in previous contracts, assessing their ability to maintain quality and meet deadlines in prolonged contracts.

Application: Selection of strategic suppliers capable of maintaining stable business relationships and fulfilling multi-year contracts.

  1. Optimization of Delivery Times:

The API analyzes proposals and past delivery records to determine who has met quick and consistent delivery times. It identifies delays and compliance issues with deadlines.

Application: Selection of suppliers in time-sensitive projects where strict deadlines are essential.

  1. Detection of Savings Opportunities in Bulk Purchases:

The API identifies discounts and promotions on large-scale purchases, helping companies maximize savings without compromising quality.

Application: Optimization of large-scale purchases in industries like retail or manufacturing.

 

 

 

 

Extended API Request Examples:

 

– Evaluation of Supplier Quality and Price:

A purchasing team seeks to identify the supplier with the best balance between quality and price for a specific batch of products.

JSON Request:

{
   "user": "purchases@company.com",
   "type": "supplier",
   "prompt": "Compare the proposals and determine which supplier offers the best balance between quality and price for the purchase of construction materials."
}

– Supplier Analysis for Long-Term Contracts:

A logistics manager is looking for a reliable supplier for a long-term contract for the supply of industrial parts.

JSON Request:

{
   "user": "logistics@company.com",
   "type": "supplier",
   "prompt": "From all these proposals, identify which supplier has demonstrated the greatest consistency and reliability for long-term contracts in terms of quality and after-sales support."
}

– Selection of the Supplier with the Most Reliable Delivery Times:

An operations team needs to ensure that the selected supplier can meet tight delivery deadlines to avoid disruptions in the supply chain.

JSON Request:

{
   "user": "operations@company.com",
   "type": "supplier",
   "prompt": "From all the proposals, identify which supplier has consistently met the fastest delivery times for the supply of electronic components."
}

– Identification of Savings in Bulk Purchases:

A purchasing team seeks to take advantage of the best deals in large-scale purchases, maximizing savings without compromising quality.

JSON Request:

{
   "user": "purchases@company.com",
   "type": "supplier",
   "prompt": "Identify which proposal offers the best discounts for bulk purchases of raw materials, without compromising quality."
}

 

Real-World Applications in Purchasing and Logistics:

 

– Optimization of Suppliers in the Supply Chain:

Companies with complex supply chains use the API /virtualbot/best_option to select suppliers that offer the best delivery times and highest reliability, avoiding delays in production or distribution.

Example: An automobile manufacturer uses the API to select parts suppliers that ensure timely deliveries and minimize disruptions in the supply chain.

 

– Selection of Suppliers for Long-Term Contracts:

Companies that need lasting business relationships with strategic suppliers use the API to analyze long-term performance.

Example: A construction company uses the API to select suppliers of cement and other materials that consistently meet quality standards across multiple projects.

 

– Evaluation of Suppliers in International Purchases:

Companies with international purchases use the API to compare proposals from foreign suppliers, evaluating shipping costs, delivery times, and regulations.

Example: A chain of stores uses the API to compare international suppliers of electronic products, selecting those that offer better prices and faster delivery times.

 

– Supplier Performance Auditing:

Companies use the API to audit the performance of their current suppliers, assessing compliance with delivery times, quality, and specifications.

Example: A logistics team audits its suppliers of electronic components, identifying which ones have failed to meet deadlines or delivered defective products.

 

 

Benefits of Using the API in Purchasing and Logistics:

– Automation of supplier evaluation: Enables rapid analysis of large volumes of proposals, improving decision-making.

– Improvement in the selection of strategic suppliers: The API selects reliable and consistent suppliers, especially for long-term contracts.

– Optimization of delivery times: Identifies suppliers with the fastest and most consistent delivery times, reducing risks of supply chain disruption.

– Quality and savings analysis: Facilitates the selection of the best offer in terms of quality, price, and other key variables.

– Minimization of risks: Analyzes supplier history, reducing risks associated with unreliable suppliers or those that do not meet expectations.

 

Relevant Use Cases:

– Evaluation of Suppliers in Bidding Processes: Companies that handle bidding processes use the API to analyze proposals from multiple suppliers.

– Selection of Strategic Suppliers for Large Projects: The API helps evaluate and select suppliers who can meet long-term demands.

– Optimization of Large-Scale Purchases: The API identifies savings opportunities in large-scale purchases.

 

 

Summary:

The API /virtualbot/best_option for purchasing and logistics facilitates the automatic evaluation of suppliers, helping to select the best offers based on criteria such as price, quality, and delivery times. From optimizing long-term contracts to identifying savings in bulk purchases, the API streamlines supply chain management and ensures beneficial business relationships with selected suppliers.