NorwayConsumer goods2025 – ongoingOrkla Home & Personal Care
Multimodal AI extraction of supplier bids for procurement
Orkla's procurement application cut RFQ cycles from 4 weeks to 4 days, its supplier reported
Problem
Procurement staff at 2 plants managed supplier communications through email and spreadsheets. They manually re-entered bids and historical prices for comparison.
Approach
Nexocode built a procurement application with a supplier submission area. Multimodal AI extracted pricing and material specifications from differently formatted documents. Structured bids supported comparisons and supplier selection.
Results
Takeaway
Document extraction formed part of a broader procurement workflow. The reported cycle reduction was not measured separately for the AI component.
Categories
- Size
- Large enterprise
- Industry
- Consumer goods
- Business function
- Logistics and supply chain
- Innovation type
- Process innovation
- AI technology
- Generative AI
- Adoption
- Partner co-development
- Evidence
- Vendor case study
Sources
Source summaries
Nexocode described a custom procurement application that extracted and standardized supplier bids. It reported shorter RFQ cycles after implementation.
Full details are in the original sources.
