No Data, No AI: Bringing AI-Powered Procurement to Life
The recent webinar on “No Data, No AI: Bringing AI-Powered Procurement
Using TealBook’s proprietary AI, we aim to help you make insightful and timely procurement decisions by giving you access to sustainable and environmentally-conscious suppliers.
With more consumers placing a greater emphasis on whom an organization works with, you need to be able to find suppliers that meet ESG requirements and make your supply chain more sustainable. TealBook uses self-certification and machine learning to give you access to countless green suppliers.
The ESG issues most relevant to a business and its stakeholders vary by industry. For example, a retailer might prioritize issues such as working conditions, diversity and equity, responsible sourcing, climate change, and waste management.
Determine which of your current suppliers have relevant ESG certifications.
Use TealBook’s supplier discovery features to find new ESG compliant suppliers.
Keep track of your spend goals for ESG targets.
Determine your material ESG issues based on financial impact, importance to your stakeholders, and the ability of your company to make a difference on those issues through its business practice.
By cleansing and harmonizing your vendor master with TealBook’s ML and AI, you can get visibility into your spend with sustainable suppliers and see what categories could be making more use of sustainable vendors.
TealBook can provide data points for each of your existing suppliers and help you to identify new ESG compliant suppliers.
Learn MoreFor companies that haven’t yet established ESG goals, developing a supplier diversity program can be a good place to start. TealBook can give you immediate visibility into all your small and diverse suppliers within your vendor master.
Learn MoreTealBook touches a variety of procurement problems and decisions. Explore more use cases to unlock even more procurement possibilities.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference
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