Beroe Inc

🎉 Beroe Wrapped 2024 🎉 From a bold new identity to 107 enhancements for reliable category, supplier, and supply chain insights, we redefined procurement decision intelligence in 2024. Category Watch got sharper, Supplier Watch smarter, and Risk Watch stronger! Inflation Watch was introduced and Abi - our AI-powered procurement assistant answered 48,000 questions underpinning category strategies, sourcing activities, and supplier negotiations all around the world. With 13,764 new procurement professionals joining, deeper integrations with leading S2P providers like Coupa Software, SAP Ariba, and JAGGAER, and best-of-breed ProcureTech such as Cirtuo and Tonkean, 2024 was all about building the Beroe ecosystem that drives smarter decision-making powered by data you can trust. With Beroe, You're In the Know. Always! 🚀 #Procurement2024 #YearInProcurement #ProcurementWrapped #SupplyChainInsights #ProcurementSolutions #SmartSourcing #ProcurementExcellence #CategoryManagement #SupplierDiscovery #RiskMitigation #ProcurementTechnology #AIinProcurement #SpendSmarter #ProcurementInnovation2024 #SupplyChainSuccess

Procurement is evolving from a traditional focus on cost savings to aligning with modern business priorities such as cost competitiveness, agility, and innovation. Business stakeholders value long-term impact over short-term savings, presenting procurement teams with an exciting opportunity to embrace "always-on" strategies. By moving beyond static annual or biannual plans, procurement can adopt real-time agility and adaptability to stay ahead in a dynamic business environment.   Watch this on-demand panel discussion with Dr. Rob Handfield, Drasko Jelavic, and Vel Dhinagaravel to discover how 'always-on' category strategies drive resilience and a competitive edge. https://lnkd.in/g-22pTaM #categorystrategies #categorymanagement #marketintelligence #procurement

Ever noticed how some of your Amazon packages arrive with minimal or no extra packaging these days? Maybe just a thin sheet of bubble wrap instead of the mountain of padding we used to get? Surprisingly, there’s Artificial Intelligence working behind the scenes to make this happen! It’s at the core of Amazon’s initiative to cut down on overpackaging Here’s what’s changed: Since 2015, Amazon has been experimenting with its Package Decision Engine, and by 2024, the results are impressive—over 2 million tons of packaging eliminated. With AI now driving the engine, the system determines the perfect package size and materials for each product added to its catalog. The impact? Not just better for the environment, but also great for Amazon’s bottom line—and let’s be honest, less hassle for us when it comes to disposing of plastic and paper! But Amazon isn’t the only one facing this challenge. Overpackaging is a widespread issue, particularly for CPGs (Consumer Packaged Goods), significantly impacting costs (COGS) and carbon footprints. While most current AI tools focus on packaging design prototyping and graphics, this is a massive opportunity area for AI tech firms to develop third-party Package Decision Tools. If top CPG companies could leverage such a tool and cut packaging by even 7 - 10%, it could transform buyer power and Market Dynamics, especially in flexible plastics and shipper boxes, favoring CPGs largely. For now, we can say that the AI transforming CPG Packaging Specs is right around the corner, and possibly going to be a major threat Packaging Suppliers have to watch out for in the next 1-2 years! Reach out to Beroe Inc to understand more about AI impact across procurement functions and categories. Beroe's Live.ai believes in 'In the know always' & Ahead of the curve always! #beroe #artificialintelligence #procurement #packaging #AIinprocurement

By combining market intelligence, AI, and technology, procurement teams can move beyond static, annual category strategies and embrace dynamic, "always-on" approaches. Watch this insightful on-demand panel discussion featuring Dr. Rob Handfield (Distinguished Professor, NC State University), Drasko Jelavic (CEO, Cirtuo), and Vel Dhinagaravel (CEO, Beroe Inc.), moderated by Fabian Lampe (Founder, Advance Procurement), as they explore the future of procurement with a focus on category management.      Ready to transform your approach? Watch now: https://lnkd.in/g-22pTaM #CategoryManagement #procurement #sourcing #supplychain #webinar #paneldiscussion #beroe #cirtuo #Ai

We are excited to partner with Tonkean to launch Market Intelligence-Infused Orchestration, bringing reliable supplier and category insights directly into procurement workflows.   ✅ Smarter, compliant supplier selection ✅ Cost benchmarks for better budgeting  ✅ Proactive supply chain risk management ✅ Streamlined, intelligent RFx creation   This collaboration reaffirms Beroe’s commitment to equipping procurement professionals with actionable intelligence, right at the point of decision-making, ensuring you're #InTheKnowAlways.   Learn more about the partnership here: https://lnkd.in/gW43Z9MP   #ProcurementInnovation #SupplyChainResilience #AIOrchestration #Beroe #Tonkean #InTheKnowAlways #ProcurementTechnology

Where do most procurement professionals chat with Abi outside of Beroe Live ai? MS Teams hands down! ✨💻 When it comes to chatting with Abi, Beroe Live.ai is the first stop for procurement professionals - it’s where all the insights come to life. But here’s the twist: over 80 global corporations also ❤️ using Abi on MS Teams, making it their go-to for quick, seamless procurement intelligence.   Why MS Teams? 🤔 It’s like asking a colleague a question during a coffee break ☕ - natural, easy, and integrated right into your workflow. MS Teams helps drive adoption by meeting you where you work, so you can make smarter procurement decisions without skipping a beat.   Because #AbionTeams is just like having another team member.   We want to hear from you! Which platform do you prefer to chat with Abi? 💬 Microsoft Teams 💬 Slack 💬 Zoom 💬 Another channel? Drop your thoughts in the comments below! ⬇️   Wherever you work, Abi’s ready to simplify procurement. Let’s talk categories, suppliers, and supply chains - your way. #AskAbiAnything! https://lnkd.in/gZvsCfhJ   #AbionTeams #ProcurementTechnology #DigitalProcurement #SmartAI #TeamworkTools #FutureOfProcurement #BeroeAI #AIInProcurement #ProcurementInnovation #CollaborationTech #IntelligentAutomation #ProcurementInsights #DigitalTransformation #SupplyChainSolutions #ProcurementSimplified

This Thanksgiving, we extend our heartfelt gratitude to our incredible team, valued partners, and amazing clients who inspire us every day. Wishing you a holiday filled with warmth, joy, and all the things that matter most. Happy Thanksgiving from all of us at Beroe!

🦃 Thanksgiving by the Numbers   US Turkey Price Forecast for 2025: Prices to remain fairly steady throughout the year, peaking in June at $1.07/lb and dipping to $1.01/lb by December, reflecting mid-year demand surges and post-holiday calm.   You wouldn’t buy your Thanksgiving turkey too early - before the best promotions hit - or too late and risk missing the perfect bird. But do you have the same clarity as a procurement practitioner when it comes to deciding when to buy, pause, renegotiate, or renew contracts in in today’s fast-moving markets?   That’s where Abi comes in. Powered by Beroe’s curated datasets and decades of procurement expertise, Abi delivers price forecasts and category insights that help you navigate seasonal peaks, plan proactively, and make smarter decisions year-round. ✨ From turkeys to Tofurkeys to thousands of products and services, Abi’s intelligence ensures you’re always a step ahead.   This Thanksgiving, trust Abi for insights as crisp as fall mornings - and as reliable as your go-to holiday recipe. 🍁   Be In The Know, Always with Abi https://lnkd.in/gZvsCfhJ   #IntheKnowAlways #ThanksgivingSupplyChain #SmartSourcing #StrategicDecisions #ProcurementIntelligence #DataDrivenInsights #BeroeAbi #Proactive #FutureProofing #StrategicSourcing #Procurement #AIinAction #WorkSmarter

🍗 Thanksgiving Prep Simplified with Abi 🎃 A lot of things in life need better planning – whether you’re mapping out a Thanksgiving feast for family or managing a global supply chain 🌍 for your business. From sourcing turkeys to securing soybeans for TOFUrkey lovers, preparation is key. That’s where Abi 🤖 comes in – for procurement professionals, not holiday chefs (although we do love a good feast analogy). Abi can give insights on top sourcing locations (hello, U.S. and France for turkeys!) and key suppliers (soybeans, anyone?), ensuring you can proactively find alternative sourcing options, future-proof your supply chain and be ready for the season ahead. 📊 Powered by Beroe’s curated datasets across 2,300+ categories and 12,000+ cost drivers, Abi helps procurement teams spot category trends, evaluate suppliers, and plan smarter – all in one place. Not celebrating Thanksgiving? No problem! Abi’s insights go beyond seasonal needs, helping procurement professionals worldwide with their everyday challenges – from market analysis to supplier negotiations. So, whether it’s Thanksgiving prep at home or procurement planning at work, the secret to success is the same: preparation. Ask Abi Anything: https://lnkd.in/gZvsCfhJ  #SupplyChainInnovation #StrategicSourcing #AIInProcurement #ProcurementIntelligence #SmartSupplyChain #DigitalTransformation #AIForBusiness #SourcingStrategies #SupplyChainSolutions #InnovationInProcurement #InTheKnowAlways #Beroe

Get Ready for the Procurement Beige Book – Beroe’s quarterly report that evaluates sourcing favorability across 350+ commodities, materials, products, and services, based on: ➡️ Pricing Trends ➡️ Supply-Demand Dynamics ➡️ Market Competition   Learn how the Procurement Beige Book empowers procurement teams with informed decision-making in a dynamic market. https://lnkd.in/g2sgwuXZ   #Beroe #InTheKnowAlways #ProcurementInsights #CategoryManagement #categorysoftness