ChAI Description
ChAI is a useful tool for determining when to purchase key raw materials, presenting a strong narrative to an internal stakeholder and identifying the best time to hedge. It can also help you secure more favorable contracts with suppliers, decide on a ratio of hedges, and pinpoint when to buy them. A web application that provides users with impartial information and energy price predictions. It uses AI to all data that is important, including satellite imagery and the China 300 Index. The best and worst prices for key commodities can vary by as much as 20% depending on how much you spend. A procurement specialist's success and that of their company depends on buying at the right price and at the right time. ChAI makes it easy to determine the best time to purchase key raw materials by making numerical predictions one week in advance and six months in the future. Each prediction is accompanied by clear explanations about the driving force behind it. This provides procurement professionals with the necessary insights to secure more favorable contracts.