Procurant, a leading provider of procurement, order management, and food safety solutions for retail grocers, has launched its newest feature, Price Watch. This AI-powered solution is designed to help buyers closely monitor internal pricing trends across all fresh produce categories, enabling them to swiftly identify and respond to shifts in pricing and unusual purchasing patterns.
“Procurant has always been focused on equipping our customers with the tools they need to make informed, data-driven decisions. As we integrate more AI capabilities into our core platform, features like Price Watch become essential solutions for retailers to refine pricing strategies and react quickly to market changes,” said Eric Peters, CEO of Procurant.
The Price Watch module operates within the existing Procurant platform, already trusted by major grocery brands and produce suppliers throughout North America. The platform processes billions in purchasing and payments, promoting seamless collaboration between buyers, suppliers, warehouses, and logistics providers.
As the first module on the Procurant platform to utilize AI, Price Watch leverages advanced techniques to enhance item mapping and categorization, resulting in more accurate data analysis and faster detection of price variances and irregularities in produce orders.
Key Features of Price Watch:
- Real-Time Price Monitoring: Track pricing trends across distribution centers for competitive and consistent pricing.
- Exception Identification: Detect and address pricing anomalies or unusual purchase patterns.
- Actionable Insights: Gain comprehensive insights to make proactive procurement decisions.
- Category Coverage: Monitor all fresh produce categories for a broad view of pricing trends.
For more information or to schedule a demo, visit www.procurant.com/price-watch.
About Procurant
Procurant offers a software platform for retail grocers, foodservice organizations, and their suppliers to collaborate, conduct business, and manage food safety throughout the supply chain. Founded by industry veterans, Procurant is supported by GLP Properties, a global leader in logistics, infrastructure, and technology investment.
