AI-powered Supplier Management Platform

This Innovation automates mundane document processing by managing the collection, storage, analysis and transfer of certification data across the food chain. We leverage Natural Language Processing and Optical Character Recognition to digitize all paper documents and creating easy access to all information within documents, helping food manufacturers reach compliance and regulatory requirements more efficiently. We invest heavily in developing an OCR model with the capability to read and analyze documents to look for requirements and non-conformities, even before documents are reviewed by food scientists. NLP is applied to automatically fill in information, reducing the extra time spent for the customers to fill in repetitive forms. This Innovation is a business productivity tool that saves cost and improves the process for producers while also digitizing data and transforming their supply chain traceability in a simple way.

Automatic risk identification and mitigation with this Innovation:

• SUPPLIER COMMUNICATION AUTOMATION (Improve compliance efficiency): A configurable dashboard tracks progress and highlights action areas to ensure compliance with regulations and company specifications. Accelerate compliance and product-to-market speed with this Innovation’s workflow automation, smart forms creation, and automatic supplier documentation renewal.
• CUSTOMIZABLE REQUEST CREATION: Suppliers, facilities, and products are unique and demand personalized solutions. Get suppliers fill in exactly what you need through our smart Otraforms!
• COMPLIANCE REVIEW (Automatic report revision): Manual revision of supplier documentations wastes time and incurs human errors. We apply AI to automatically produce reports and validate key data from supplier documentations to ensure accuracy and legitimacy!
• REPORTS & ANALYTICS (Risk mitigation): Detect non-conformities and analyze risk indicators from documentations and external database to determine audit frequency. Understand supplier performance to minimize supply chain disruption and drive continuous improvement efforts!

Full time sales employees in teams for companies with 100+ sales people Freelance sales agents networks Industries: retail, FMCG, home appliances & electronics, insurance, finance, real estate, F&B, and more

Using this Innovation, food companies streamline and automate their document collection and management processes, thus increasing traceability. On average, our customers can automate at least 80% of their documentation collection and management processes thanks to our intuitive data management and analytics workflow. We add efficiency to their business operations and help them identify and mitigate supply chain-associated risks.

"This innovation reduces the amount of administrative tasks we have to complete to review new and existing suppliers. The software also organizes data in a way that makes it easier to find and more actionable for my team." Seth Crass - QA manager of Olipop

Food safety and sustainability certifications created over 200 billion pages of certification documents in the global food system today. This is expected to grow to 600 billion in the next five years due to an increase in regulations and consumer demand. Our opportunities are fuled by the growth of global food traceability market. According to the latest analysis by Emergen Research, the global food traceability market is expected to register a compound annual growth rate of 10.2% by 2028. Echoing the global call for action to improve food safety, Asian countries’ governments have been tightening their legal framework on food safety, including Vietnam. Asia Pacific is anticipated to emerge as the fastest growing regional market, which is driven by the growing awareness of standards and quality among emerging economies. We see clearly the huge opportunities in both the global, US, or Asia-Vietnamese markets. In addition to the market dynamics, we see data as the real value driver for the business. For example, just as we aggregate supplier data to offer insights to a company, we’ll also be able to aggregate company data to provide insights and recommendations for best in class quality assurance programs in the food industry. This effectively turns this Innovation into the Inspectorio or ProcessBolt of the food manufacturing space, enabling us to sell best in class insights to the enterprise.