How Beroe is Optimising Procurement Process

As a global market intelligence and procurement advisory firm, Beroe specialises in providing strategic sourcing and procurement solutions to businesses across various industries.

The company offers insights, market intelligence, and advisory services to help clients make informed decisions and optimise their procurement processes.

How Beroe is helping to face the challenges 

Founded in 2005 to meet a market need for custom analysis and market research, Beroe addresses the challenges faced by Chief Procurement Officers (CPO), such as a lack of good market intelligence and supplier risk analysis.

Beroe highlights the strategic role of procurement in minimising risk and maximising opportunity, especially in today’s uncertain market characterised by inflation, capacity constraints, and supply-chain disruptions.

It provides procurement functions and businesses with data, intelligence, updates, and alerts to clarify what’s happening in their ecosystem and enable informed decision-making.

The services cover a wide range of industries, including healthcare, chemicals, consumer products, food and beverage, automotive, and many others.

It leverages expertise and market insights to assist clients in areas such as supplier intelligence, cost optimisation, risk management, and category management.

Beroe combines industry expertise with advanced analytics and technology to deliver tailored solutions that address the specific needs and challenges of each client.

The company plays a significant role in helping businesses enhance their procurement strategies, drive cost savings, and achieve operational excellence.

With headquarters in Raleigh, North Carolina, Beroe operates globally, serving clients from offices in the United States, India, Belgium, and Japan.

Beroe LiVE.Ai

Beroe’s AI-powered self-service platform, Beroe LiVE.Ai, enables more than 17,000 companies worldwide to make smarter sourcing decisions.

The platform offers market information, supplier discovery, market risk management, category performance measurement, price tracking, and global data sourcing.

Partnerships are at the heart of Beroe operations with a growing ecosystem of more than 30 partners who are leading global solution providers.

In July 2023, the AI was certified as Coupa Business Spend Management Platform ready - the same month it responded to its 40,000th client query through its AI-assistant, Abi.

With Abi, clients can access critical data and information effortlessly, without the need to sift through lengthy reports, enhancing their ability to make informed, strategic decisions in real-time.

Helping the modern Procurement landscape

Partnerships are at the heart of Beroe operations, its data, content, and platform partners provide in-app and embedded procurement intelligence.

The company's growing ecosystem of more than 30 partners are leading global solution providers that complement the offerings, and give you greater access to real-time data and information.

In March 2024, the company announced a partnership with leading global solution providers like PRISM, a geopolitical and macro risk advisory service,. Beroe enhances its offerings by integrating alerts, reports, and insights into its AI-Powered Procurement Intelligence Platform.

This partnership helps CPOs operate amidst increasing geopolitical uncertainty, ensuring access to timely, accurate, and insightful intelligence critical for building resilient supply chains and making strategic decisions.

"Over the past few years, we have witnessed a large number of highly disruptive worldwide events, unparalleled in the modern era not only for their scale but also the impact on global businesses," says Valekumar Krishnan, Chief Content Officer at Beroe.

"While procurement teams have had to react today to risks and disruption to international supply chains, CPOs are having to make strategic decisions for tomorrow against a backdrop of near-constant flux.

“Access to timely, accurate and insightful intelligence is critical to successfully plan and build a resilient supply chain.

"By integrating PRISM's research and analysis into our AI-powered procurement intelligence platform, we are supporting our customers with access to the most comprehensive suite of the best possible data and insights with which to run their businesses."

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