Getting started with purchasing and savings
Learn how to organise your purchasing and reduce costs with the purchasing and savings tools in BuyVerse.ai.
Purchasing and savings helps businesses automate purchasing, reduce costs, and discover better suppliers.
What purchasing and savings does
It analyzes your purchasing patterns, identifies cost-saving opportunities, and recommends suppliers based on trust scores, pricing, and performance.
Key benefits
- Cost savings: See savings computed from your own purchase history, with cheaper alternatives for the items you already buy
- Time efficiency: Automate order management and reduce manual work
- Better suppliers: Discover trusted suppliers with better pricing and service
- Market intelligence: Track market prices and get alerts on price changes
Getting started
- Set up your account: Create a free BuyVerse.ai account
- Connect your suppliers: Add your existing suppliers to the platform
- Turn on savings suggestions: Switch on purchasing and savings in your account
- Review recommendations: Check AI-powered recommendations for cost savings — they unlock once your account has enough purchase history to reason over, and are withheld until then rather than guessed
- Automate orders: Set up automated ordering based on your preferences
Best practices
- Review recommendations regularly
- Start with low-risk items
- Build trust scores with new suppliers gradually
- Use market price tracking for major purchases
- Leverage demand forecasting to prevent stockouts
Ready to get started? Create your free account.