SupplyHub.AI Company Profile

Background

Overview

SupplyHub.AI, founded in 2023, is a private company headquartered in Scottsdale, Arizona. The company specializes in developing artificial intelligence-driven strategic sourcing platforms aimed at transforming supply chain management. By automating tasks and leveraging AI to analyze large datasets, SupplyHub.AI enhances efficiency, accelerates sourcing processes, and generates cost savings for businesses.

Mission and Vision

SupplyHub.AI was established to address the inefficiencies in traditional sourcing and supply chain processes. Recognizing that over 80% of supply chain spend is addressed during sourcing, yet over $1.1 trillion of this spend remains unoptimized, the company aims to provide a transformative solution. The advent of generative AI platforms capable of processing large quantities of unstructured data has enabled SupplyHub.AI to build a platform that automates sourcing and supercharges savings for midsize to enterprise companies.

Key Strategic Focus

Core Objectives

SupplyHub.AI focuses on supercharging strategic sourcing using generative AI to address hard-to-solve problems with speed and efficiency. The platform consolidates and categorizes spend, identifies opportunities, develops sourcing strategies, discovers industry and category-specific suppliers, and facilitates market testing (RFQ) and supplier selection.

Primary Markets

The company's primary market includes midsize to enterprise companies seeking to optimize their supply chain management through AI-driven solutions.

Financials and Funding

Funding History

SupplyHub.AI has participated in an accelerator/incubator program, with Plug and Play Tech Center as a notable investor. The company is privately held and backed by accelerator/incubator funding.

Technological Platform and Innovation

Proprietary Technologies

SupplyHub.AI's platform leverages generative AI to transform strategic sourcing. The technology addresses complex problems by consolidating and categorizing spend, identifying opportunities, developing sourcing strategies, discovering industry-specific suppliers, and facilitating market testing and supplier selection.

Scientific Methodologies

The platform utilizes AI to analyze large amounts of data, enabling companies to improve efficiency, speed up sourcing processes, and generate cost savings.

Leadership Team

Executive Profiles

Sanjeev Shrivastava: Founder & CEO. With over 20 years of experience in supply chain management, Sanjeev identified the need for improved sourcing solutions and co-founded SupplyHub.AI to address these challenges.

Sachin Jain: Co-Founder & CTO. Sachin brings extensive expertise in software development, contributing to the technological advancements of the SupplyHub platform.

Rajeev Shrivastava: Co-Founder. Rajeev's deep expertise in software and experience navigating Silicon Valley complement Sanjeev's supply chain management background, contributing to the development of the SupplyHub platform.

Advisors

Prasad Chakka: Advisor.

Anirban Dutta: Advisor.

Jimmy McDonald: Advisor.

Competitor Profile

Market Insights and Dynamics

The supply chain management industry is experiencing significant growth, driven by the adoption of AI and machine learning technologies. Companies are increasingly seeking solutions that enhance efficiency, reduce costs, and provide real-time insights into their supply chains.

Competitor Analysis

SupplyHub.AI faces competition from several companies offering AI-driven supply chain solutions:

Coupa: Provides a comprehensive spend management platform that includes demand planning and supplier relationship management.

SAP Integrated Business Planning: Offers real-time supply chain management solutions powered by in-memory computing technology.

Streamline: Delivers supply chain planning platforms for modern sales and operations planning processes.

IBM Planning Analytics: Automates planning, budgeting, forecasting, and analysis processes.

Netstock: Provides cloud-based inventory management solutions.

These competitors offer various solutions that overlap with SupplyHub.AI's offerings, making the market highly competitive.

Strategic Collaborations and Partnerships

SupplyHub.AI has partnered with Plug and Play Tech Center, an accelerator/incubator, to support its growth and development.

Operational Insights

SupplyHub.AI's platform offers significant benefits, including up to 70% faster processes, 3-5 times more efficiency, and 3-5 times higher percentage savings. These advantages position the company favorably against competitors by providing substantial improvements in strategic sourcing processes.

Strategic Opportunities and Future Directions

SupplyHub.AI is poised to capitalize on the growing demand for AI-driven supply chain solutions. By continuously enhancing its platform and expanding its market reach, the company aims to solidify its position as a leader in strategic sourcing transformation.