Medium-sized businesses: How AI negotiates supplier prices downwards
Medium-sized companies are also increasingly using AI agents in purchasing. Examples show that the technology is already conducting negotiations independently - and successfully pushing prices down.
The Otto Group has introduced an artificial intelligence (KI) system to negotiate with suppliers, starting with smaller ones, using software from start-up Pactum. The KI portal is used to discuss prices and conditions, and has already led to harder negotiations, with some prices that were previously accepted now being challenged.
The use of KI in procurement is becoming more widespread among medium-sized companies, with experts predicting that it will soon be widely adopted. Companies such as Vemag and BMW are already using KI to analyze data and identify savings opportunities, with Vemag reducing its direct procurement costs by a mid-six-figure amount in the first two years.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
