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Analyze a Price Increase Request

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How can I reduce supply chain costs through better supplier management?

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Artificial intelligence (AI) in supply chain management refers to the use of machine learning, data analytics, and automation to optimize various supply chain processes. For example AI helps reduce costs in supply chain by: • Cost Analysis & Optimization — Identifying cost drivers and providing real-time insights into cost breakdowns, driving data driven decision making. • Price Forecasting — Predicting future price trends based on historical data. • Supplier Benchmarking — Comparing supplier costs to ensure fair pricing. Tools like AIMDRIVE-AI simplify AI-driven cost analysis and procurement by automating cost breakdowns, tracking price trends, and providing actionable insights, helping businesses optimize their sourcing strategies and improve cost. 
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