The Procuretechs Network includes Startups with a focus on procurement, which are located in Germany and throughout Europe. Together, we want to shape the future of procurement by leveraging our synergies and supporting each other in the further development.

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mysupply

CEO: Andreas Zimmermann

Location: Hamburg
Founding year: 2020
Number of employees: 15
Website: mysupply.ai
LinkedIn: https://www.linkedin.com/company/mysupplyai/
Start-up Phase: Launched
Area of business in procurement: 
  • Tendering
  • Negotiation
  • Sustainability
Problem:

Manual repetitive tasks still take the majority of time of tactical procurement teams. Procurement savings have >3X bigger effect on the performance of a manufacturing company than sales. Procurement still gets less support. That is why tactical spend is still very manually driven and its potential is widely not captured.

Solution:

mysupply is a software using smart algorithms and AI like many additional buyers that source and negotiate goods and services. Our tool drives the sourcing process autonomously. Use the possibilities of digitization also in procurement to reduce manual activities and increase your savings. With mysupply you automate your entire tender process while speeding up the supplier search, evaluating the offers easily and negotiating automatically with the help of our system intelligence.

Offer:

mysupply empowers companies to increase spend savings by 5-11% and to reduce effort by 50%, while improving efficiency. Developed to automate tactical spend in procurement, mysupply now introduces an AI assistant helping requestors to deal with all sourcing requests and even allows self-service sourcing for low to medium value goods and services, redefining efficiency in procurement. mysupply covers the sourcing process from RFP, supplier invitation up to fully automated negotiations.

Business model:

SaaS

USP:

mysupply is the only solution that leverages the full potential of tactical sourcing by automating tendering and 1:N negotiation. Our system intelligence incorporates game theory principles and is developed together with the input from game theory consultants, universities and with the know-how of experienced buyers.

Target customers:

Our home market is the DACH Region, however we want to scale globally.

Technology:

Automated cloud solution, incl. system intelligence and AI

Contact: Ronny Denk

CSO

Email: Email hidden; Javascript is required.