BAMBOO ROSE
One of these features improving the SRM capabilities is the ability to filter potential vendors . Matt says : “ The true next level of automation comes in helping open up the top of the funnel for new and better suppliers via SRM .”
Through the use of AI , the programme can narrow down thousands of potential vendors to find businesses the perfect fit , using a confidence score and allowing sourcing teams to make more informed decisions thanks to automated data analysis .
AI is also being used to reshape enterprise software workflows . Bamboo Rose recently acquired Backbone , a company known for its innovative operations to reduce workflow steps . Matt explained how this PLM system is particularly beneficial for businesses .
“ If I have to go build a T-shirt and there ’ s 17 steps for every T-shirt , I don ’ t care if I already have a T-shirt , I still have to go through these 17 workflows as a retailer to build it ,” Matt says . His aim is to reduce the clicks and make these processes as simple as possible . bamboorose . com 11