SIEVO COMMUNITY DATA
Discover untapped savings with peer benchmark data
Understand your real performance and direct your negotiation power exactly where it matters. Pinpoint new savings opportunities and uncover hidden risks fueled by Sievo's cross-customer aggregated data.
What if you're leaving money on the table in every supplier negotiation?
Without reliable market data, procurement cannot be sure they are getting the best deal. With no benchmarks, it's difficult to challenge supplier’s terms, prices, or identify savings opportunities proactively.
Discover relevant renegotiation opportunities to maximize savings and optimize your procurement performance
Enter discussions prepared with objective, peer benchmark data based on transactions
Make smarter sourcing decisions, even in previously opaque spend areas, to secure the most favorable terms and prices, and stay ahead of the rest of the market.
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Unlock 3x more working capital with payment terms benchmarks
- Identify suppliers with the greatest potential for extending payment terms
- Compare your payment terms to community benchmarks across dimensions like category, supplier country and supplier spend
- Utilize AI-tailored, supplier-specific automated recommendations and insights to enhance working capital
Find renegotiation opportunities to secure better prices
- Pinpoint materials and categories where you are paying more than your peers, with automated renegotiation opportunities
- Enter discussions prepared with objective, peer benchmark data based on transactions
- Secure the most favorable prices and stay ahead of the rest of the market, even in non-commodities like MRO
COMING SOON
Discover alternative suppliers for better sourcing opportunities
- Discover commonly used suppliers within the Sievo community, that you have not done business with before
- Identify transaction-validated alternatives for sourcing opportunities based on location or category
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Sievo's supplier parenting algorithms use cross-customer service records to determine the correct supplier parenting and deliver intel about M&A and other supplier base activities
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Sievo’s AI-model is trained on community data to deliver 3 times more accurate data in classification over other models
Sievo Community Data is powered by cleansed, anonymized and aggregated data
The benchmarks or other community data sets do not contain any information that can be linked to an individual customer.
The underlying data has gone through the standard Sievo process for cleansing and validation to ensure data integrity.
To ensure data reliability and anonymity, benchmarks are established by aggregating data from multiple customers.
