Coca-Cola Europacific Partners
AI-supported procurement spend classification and analysis
Coca-Cola Europacific Partners achieved USD 5 million in annual procurement savings and cost avoidance, according to IBM
Problem
Inconsistent procurement data made sourcing decisions difficult. Teams spent substantial effort establishing reliable spending baselines.
Approach
CCEP engaged IBM in 2017 and used its Procurement Analytics as a Service solution. AI-supported classification gave procurement teams a more detailed view of spending for category management and sourcing.
Results
Takeaway
IBM separated the annual benefit attributed to AI-supported sourcing from the larger benefits of the procurement transformation.
Categories
- Size
- Large enterprise
- Industry
- Food and restaurants
- Business function
- Logistics and supply chain
- Innovation type
- Process innovation
- AI technology
- Predictive analytics and ML
- Adoption
- Vendor solution
- Evidence
- Vendor case study
Sources
Source summaries
IBM described CCEP's use of AI-supported procurement analytics. It reported coverage of more than 98% of spending and USD 5 million in annual savings and cost avoidance from improved category management and sourcing.
Full details are in the original sources.