Our company places great importance on improving procurement strategy. For this reason, we have begun to rely on artificial intelligence to address future price increases, market fluctuations, and avoid material shortages.
Cibek die-casting has adopted Vedrai’s artificial intelligence solutions to optimize cost management and the procurement of raw materials. Vedrai’s virtual agent Becky has helped the company by monitoring aluminum prices and suggesting optimal purchase times. This strategy led to a 6% savings on two 100-ton purchases of aluminum, reducing the cost from €2.40 to €2.25 per kg, with a total savings of €30,000 on an investment of €450,000.
The collaboration shows how artificial intelligence can offer tangible benefits to companies by providing tools for cost management and forecasts on raw material prices. Becky uses historical data, market indicators (Stochastic, MACD, RSI), and macroeconomic news to provide increasingly accurate predictions, capable of anticipating price trends up to six months in advance for certain raw materials.
Read the case study on Industria Italiana: www.industriaitaliana.it
