IT-Enterprise involves AI to help Ukrainian businesses

IT-Enterprise involves AI to help Ukrainian businesses

Ukraine’s leading commercial procurement platform SmartTender.biz from IT-Enterprise has broadened the use of artificial intelligence (AI) to help domestic businesses find partners with more efficiency. Thanks to its algorithms, legal entities and private entrepreneurs can quickly search for the most relevant offers from suppliers, while producers also need less time to connect to new customers.

SmartProcurement is a brand new tool enabling small, mid-sized and large companies to collect a single pool of purchasing requisitions from all departments, draw up a consolidated procurement plan and, based on that, create tenders just in a few minutes. The IT-Enterprise team suggests that this innovation will save Ukrainian businesses up to 30% on procurement and accelerate supplier sourcing.

Companies in Ukraine are now facing an enormous challenge having to constantly rebuild their supply chains. With so many processes ruined and part of manufacturers suspending operations, some product groups have become really scarce. Such a lack of balance in our economy means the growing impact of product prices. In fact, now businesses are rethinking the entire procurement logic, and we can see that automation and algorithms have undertaken the key matchmaking role, so buyers and sellers can find each other faster, IT-Enterprise comments on the latest trends.

At the moment, SmartTender.biz serves as an online meeting point for over 90,000 registered suppliers.