AIMDRIVE-AI is an advanced AI-powered platform, developed by the ANKLESARIA group and designed to optimize and manage your Supply Chain and Procurement Costs.
AIMDRIVE-AI leverages the power of multiple AI models and ANKLESARIA’s market-proven Methodology and Projects built over 35 years of industry experience in Supply Chain and Procurement Cost Management.
“You can’t manage what you don’t understand”. AIMDRIVE-AI helps you understand price trends and cost breakdowns and thereby engage suppliers in cost and fact-based discussions.
With AIMDRIVE-AI you can identify cost savings opportunities across thousands of products and services with robust workflows and detailed price and cost-based knowledge.
Effective Price Analysis
- Track Market Average price trends
- Analyze Price Competitiveness
- Evaluate Price Proposals
- Quantify savings from price negotiations
Robust Cost Analysis
- Cost breakdowns for Products and Services
- Detailed Bill of Materials compositions
- Detailed Statement of Work scoping
- Product and Service Should Cost Models
Collaborative Cost Optimization
- Cost Driver analysis for critical costs
- Cost Driver optimization strategies
- Sustainable and repeatable workflow
- Leverage breakthrough ideas
Key Product Features
1) Comprehensive Search Functionality
AIMDRIVE-AI is an intuitive search tool capable of processing hundreds of thousands of keywords for products and services to help you select the most relevant and accurate industry codes to drive price analysis, cost analysis and supplier partnerships.
2) Market Price Tracking
AIMDRIVE-AI PRICE ANALYSIS tracks Average Market Prices and percentage movements across product and service industries over a 10-year period, providing actionable insights using market trends.
3) Evaluation of Price Competitiveness
AIMDRIVE-AI PRICE ANALYSIS uses ANKLESARIA’s methodologies to assess competitiveness of prices paid to suppliers and evaluate price proposals.
4) Industry Average Cost Profiles
AIMDRIVE-AI COST ANALYSIS generates detailed industry cost profiles for hundreds of manufacturing and service industries. This allows procurement teams to break down prices into their key cost components and understand cost structures at a granular level.
5) Should-Cost Models
AIMDRIVE-AI COST ANALYSIS harnesses AI models to create comprehensive Bills of Materials and applies the ANKLESARIA Methodology to develop robust should-cost models for fact and cost-based discussions with suppliers.
6) Supplier Collaboration
AIMDRIVE-AI COST ANALYSIS uses AI models based on thousands of past projects to identify the key cost drivers and evaluates unit rates, waste factors, and required quantities based on the Bill of Materials. It also identifies and evaluates factors affecting each cost driver thereby enabling the development of enhanced cost models and cost-based discussion frameworks for supplier collaboration and breakthrough cost savings.
AIMDRIVE-AI is a purpose-built platform to empower supply chain and procurement professionals to achieve sustainable procurement excellence by streamlining traditionally time-intensive tasks related to price and cost analysis.
Current Solutions live on the platform include
- Evaluate Price Competitiveness
- Analyze Price Quotes
- Obtain detailed cost breakdowns for products and services
- Obtain detailed Should-Costs for products
- Obtain cost drivers and factors influencing them
New Solutions are being rolled out in our bi-weekly releases for which you will receive automated notifications.