ABB Robotics Rolls Out Lexi’s Procurement Analytics Solution
STOCKHOLM, June 29, 2020 – ABB Robotics, manufacturer of industrial robots and robotic systems, is using a big data analytics software solution developed by Lexi Solution AB in Sweden to optimize procurement and engineering processes. Based on this solution, ABB is able to automate and improve supply chain management processes for supplier monitoring and targeted cost reduction.
As part of its work, Lexi helped ABB Robotics implement its MasterBOM solution as the underlying technology enabling digital transformation and simplification of critical business functions in Procurement and Engineering. The new system currently applies AI methods such as machine learning to key processes including EMS supplier monitoring, material spend management, quarterly price updates, new product cost estimation, RFQ automation, supply chain risk management, and CSR compliance.
This new cooperation, building on work Lexi has done for ABB on a global level for many of its business areas for many years, is one of Lexi’s largest software subscription purchase orders to date. The multi-year contract with Robotics was begun in January 2020 after a successful pilot during autumn 2019.
Quentin Caillault, ABB Robotics Control System Solution Manager, is delighted with the results delivered by the solution to date, commenting that, “By their very nature, global electronic supply chains such as ABB’s are extremely complex and require advanced digital tools to gain transparency and control. To master this complexity, we needed first and foremost a tool that could ensure that we’re working with data that is clean, accurate and constantly updated. Lexi’s platform is an integral part of the digital procurement suite embedded in the ABB Robotics supply chain management ecosystem, bringing data quality and powerful market analytics to optimise our product cost and risk management.”
Lexi brings transparency to supply chain management with its unique cloud-based enterprise software solution that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs). Founded in Stockholm in 2011, and with a Data Operations Center in Penang, Malaysia, Lexi delivers data-driven business intelligence insights to prioritize actions for OEMs to lower costs and improve supply chain health. With its predictive and prescriptive optimization algorithms, Lexi empowers manufacturing, engineering, supply chain and procurement leaders to make faster, smarter product design and sourcing decisions. For more information, visit www.lexisolution.com.
Source: Lexi Solution AB