Beroe Inc, a global SaaS-based procurement intelligence and analytics provider, announced its partnership with Artificial Intelligence start-up Prewave, to bring more transparency to global supply chains.
Businesses across the globe are increasingly impacted by the risks in the supply chain, leading to supply disruption and affecting customer fulfilment.
Beroe will integrate Prewave’s predictive risk intelligence onto its AI-powered intelligence platform, Beroe LiVE.Ai, to help procurement teams build a resilient supply chain. By tapping into digital news media, online media, and social media channels, Prewave enables businesses to continuously monitor supply chain risks and build the right mitigation strategy to achieve resilience.
“Our partnership with Prewave adds another dimension to our risk offering on Beroe LiVE.Ai and helps procurement teams to be on top of what’s impacting their business, minimize risk and maximize opportunity,” said Beroe Inc Chief Executive Vel Dhinagaravel.
Beroe LiVE.Ai is an AI-powered intelligence platform tailored for procurement and sourcing professionals – providing market intelligence, supplier risk information, category benchmarking, cost models, market monitoring dashboards, and supplier discovery.
“The future of data-driven sourcing lies at the synergy of different AI solutions. With the insights of commercial data through the Beroe AI in combination with external risk data from our Prewave AI we make your supply chain more resilient and transparent,” said Jonas Armeier, Sales Director Prewave.