Out of 560, the Global Startup Heat Map highlights 5 Top Manufacturing Procurement Startups
Startups such as the examples highlighted in this report focus on robotic process automation (RPA), artificial intelligence (AI), and advanced analytics. While all of these technologies play a significant role in advancing the manufacturing sector, they only represent the tip of the iceberg. This time, you get to discover five hand-picked manufacturing procurement startups.
The Global Startup Heat Map below reveals the geographical distribution of 560 exemplary startups & scaleups we analyzed for this research. Further, it highlights five manufacturing startups that we hand-picked based on scouting criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 555 manufacturing procurement solutions, get in touch with us.
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Alliance aids Sourcing Data Management
Founding Year: 2016
Location: Derby, UK
Partner with Alliance for Supplier Pricing Trends
UK-based startup Alliance provides i-QMN, a procurement data management platform that empowers manufacturing teams to develop optimum procurement plans. It is a cloud-based platform that reports and analyzes procurement data to spot trends in supplier pricing. The platform also provides insights to improve performance throughout the strategic procurement lifecycle and other critical business functions like manufacturing operations, and sales.
Sustainment facilitates Procurement Optimization
Founding Year: 2020
Location: Austin, US
Funding: USD 2,2 M
Work with Sustainment for Secure Procurement
US-based startup Sustainment offers an AI-based software platform to optimize procurement. It provides a dynamic and vetted database of American manufacturing vendors and allows sourcing officers to choose the appropriate one. This decreases the time and cost of market research. Sustainment’s platform finds a large variety of vendors that increases supply chain resilience and vendor diversity. As a result, government procurement teams are able to efficiently source from and engage with the US manufacturing economy sector.
NowPurchase enables Smart Procurement
Founding Year: 2017
Location: Kolkata, India
Funding: USD 2,4 M
Use this solution for Foundry Procurement Operations
NowPurchase is an Indian startup that enables transparent and efficient material procurement for foundries. The startup’s machine learning algorithm optimizes furnace selection charge by selecting the right charge mix based on inventory, market prices, and supply. It also ensures reliable and strict quality checks and inspection that prevents quality issues in the final product. The startup’s solution, in this way, improves productivity and processes, enabling autonomy in procurement processes.
Artintech simplifies Procurement Digitization
Founding Year: 2016
Location: Toronto, Canada
Funding: USD 66 900
Collaborate with Artintech for Digital Supply Chain Management
Artintech is a Canadian startup that resolves operation and supply chain challenges using digital systems and AI. The startup digitizes procurement, warehousing, manufacturing, quality management, sales and distribution, and other supply chain processes. Artintech’s solution also allows manufacturing companies to efficiently control procurement documents like quote lists, purchase orders, and supplier invoices. Leveraging this, sourcing teams are able to avoid paperwork and optimize business processes.
Alpas provides Sourcing Intelligence
Founding Year: 2020
Location: Berlin, Germany
Funding: USD 2,7 M
Reach out to Alpas for Supplier Data
German startup Alpas makes an intelligence platform that enables data-driven sourcing decisions for mid and large-cap manufacturing companies. It offers intelligence to identify, compare, and manage existing as well as previously unknown suppliers. Together with manufacturing companies, Alpas builds a more transparent and sustainable sourcing environment while saving operational and purchasing costs.
Where is this Data from & how to Discover More Manufacturing Startups?
Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the manufacturing industry. The insights of this data-driven analysis are derived from our Big Data & AI-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & lets you scout relevant startups within a specific field in just a few clicks. To explore manufacturing technologies in more detail, let us look into your areas of interest. For a more general overview, download our free Manufacturing Innovation Report to save your time and improve strategic decision-making.
