Mr. Harsha Kadimisetty shares his insights on his start-up Aerchain & how the brand is a game changer in revolutionising the Sourcing ecosystem in India
- An insight into the Aerchain business model? How is Aerchain Revolutionizing the sourcing sector with the use of Tech
Aerchain is the next-generation autonomous sourcing platform that helps enterprises digitize, optimize, and automate their sourcing processes. Aerchain is a SaaS based software platform that helps organizations find the right product from the right vendor at the right price. With advanced technologies such as artificial intelligence (AI) and machine learning (ML), Aerchain is revolutionizing the industry by enabling sourcing teams to take data-backed decisions. What was earlier a completely manual process is now evolving into an autonomous process through Aerchain.
- What are Aerchain’s USPs and how is it different from its competitors?
Aerchain’s autonomous sourcing platform has capabilities which none of the other competitors in the industry have. While other sourcing platforms focus only on digitizing the sourcing process, Aerchain focuses on automating the process and enabling sourcing teams to make intelligent decisions that are backed by data and insights.
Some of our USPs are:
- Highly configurable systems: Our templatized systems can be configured to accommodate your organization’s processes
- Intelligent automation: We can automate all your procurement processes from A-Z and eliminate the need for any manual intervention
- User-friendly interface: No mess, no fuss systems with simple interfaces to facilitate easy use
- Easy onboarding: Our easy to understand platform can be adopted quickly by your internal teams and your suppliers with minimal training and support
- Integration supportive: We can talk to your existing open API platforms and collaborate to provide a holistic procurement solution
- What are the types of clients & sectors that Aerchain caters to & what is their value proposition?
Aerchain’s next-generation autonomous platform can be used by sourcing teams of any enterprise in any industry. Any organization that procures a large number of products, services, and raw materials can use Aerchain to obtain the benefits of AI in their sourcing process. Currently, Aerchain is focussing on Manufacturing, Chemical, EPC, Pharmaceutical, Hospitality, and FMCG as sectors of interest. Nevertheless, the platform has been built to cater to enterprises from any geography and industry.
- How can pharmaceutical and chemical industries benefit from AI-backed sourcing platforms like Aerchain to thrive in their business, grow and streamline their processes efficiently and effectively?
Pharmaceutical and chemical industries often have a large number of raw materials that they have to source. These purchases may be of very insignificant value or quantity but may be crucial to their production process. When hundreds of such chemicals need to be procured frequently, sourcing teams of chemical and pharmaceutical companies are often overwhelmed with the amount of work. An intelligent solution like Aerchain can not only digitize the sourcing process, but also help in optimizing it to cut costs and improve productivity.
- An insight into the evolution of tech and the role of AI to make sourcing processes seamless.
From time immemorial, sourcing has been done manually by enterprises. Starting right from vendor discovery, auctions, negotiations, contracts all the way upto purchase order and vendor ratings, sourcing can be a very complex process. With manual processes, data does not get retained and is often lost when the sourcing manager moves to another organization. Over time, enterprises understood the importance of digitizing their sourcing workflows and started implementing ERPs and other platforms. But mere digitization cannot provide insights on optimizing costs and streamlining processes. In the age of robots, it makes sense for enterprises to invest in technologies that can improve the productivity of their teams by automating manual repetitive tasks. This is exactly where Aerchain comes into the picture. With our highly intelligent and intuitive systems, sourcing teams can streamline and optimize their sourcing processes and get timely and intelligent insights to modify their sourcing processes.
- How did the pandemic lead to a never seen before tech revolution in the supply chain & logistics sector?
With COVID-19, global supply chains were put under immense pressure to deliver to increasing demands and cut costs. Sourcing and procurement teams are under intense scrutiny to procure materials at low prices while ensuring quality and on-time deliverability. Building supply chain resistance became a mandate to ensure that the enterprises always had back up suppliers in case their primary suppliers could not deliver on time. All these factors accelerated the adoption of sourcing technology that can help in managing processes with benefits such as cost cutting, improved productivity, and better results.
