Direct material procurement with powerful machine learning.
Direct materials represent the bulk of direct costs for industrial companies. Yet, most procurement teams rely on outdated methods for deciding when, and how much, to buy.
With a founding team consisting of research pioneers in their field, Datapred is leading the direct procurement pack in Europe.
Machine learning and cloud computing are powerful tools for optimization of production costs, and Datapred has built an award-winning modelling engine that delivers 3-5% savings on materials per year.
Datapred’s continuous intelligence and analysis for time series gives buyers an optimal purchasing program, complete with prices, volumes and timing. More specifically, it leverages relevant internal and external data to provide short- and long-term point and trend predictions with corresponding confidence intervals. The massive impact Datapred’s product can have on the industry can’t be understated, especially considering that the founding team are also research pioneers in their field.