Caddy officially launches AI quotation cloud CADDi Quote
*Caddy Co., Ltd.*
Press release: September 17, 2024
Caddy officially launches AI quotation cloud CADDi Quote
*Transforming analog procurement and quotation activities in the manufacturing industry with AI and data, with a case study in which quotation work was reduced by 60% within 2 months of implementation* * Caddy Co., Ltd., which takes on the challenge of digital
transformation in the manufacturing industry (Head office: Taito-ku, Tokyo; CEO: Kato
Yushiro (hereinafter referred to as Caddy) is an AI quotation cloud CADDi Quote (Caddy), a new application of the manufacturing AI data platform.
We are pleased to inform you that we have officially started offering Quote) from September 17, 2024. *
Using technology centered on AI analysis and data utilization, we will revamp analog and individualistic procurement and estimation operations and support the transformation of procurement and manufacturing processes by turning supply chain data into assets.
* ■ Issues faced by procurement *
External environment surrounding procurement is becoming increasingly severe year by year
Procurement departments are currently facing a harsh external environment, including geopolitical risks, rising labor costs, soaring prices due to the weak yen, compliance with laws and regulations, and responses to SDGs/ESG. “Caddy” announced by our company in July this year
In a survey on the state of procurement in the manufacturing industry, when asked about changes in the external environment and risks that are expected to become even more important in the next one to two years, more than 70% cited “increasing procurement costs” as an issue. I did.
Quoted from “Caddy Manufacturing Industry Procurement Situation Survey”. n=198 people involved in purchasing/procurement work, multiple selection
*Reference: [Caddy Manufacturing Industry Procurement Status Survey] A risk that will increase in importance in the manufacturing industry in the future: “Increase in procurement costs” (72.2%) ranks first, ahead of “labor shortage” (51.0%)
Difficulties in transforming the estimation process
Procurement and quotation operations in the manufacturing industry have a significant impact on management, but it is difficult to improve or transform them.
In many manufacturing industries, estimation work is done by email, Excel, fax, etc., which consumes a large amount of time and has become individualized. As a result, the know-how and knowledge of estimating and procurement activities are dependent on experienced personnel, and improvements are not progressing, leading to a vicious cycle in which this individualization is further accelerated by being overwhelmed with day-to-day tasks.
In addition to the changes in the external environment mentioned at the beginning, procurement departments facing these structural issues need to introduce technology to innovate their estimation and procurement activities in order to utilize data across the supply chain. is.
* ■ Overview and features of AI quotation cloud CADDi Quote * Connect data such as drawings, estimates, orders, etc., and realize more sophisticated procurement operations.
CADDi, an AI data platform for the manufacturing industry, makes human production activities easier and more sophisticated by analyzing and associating all data in the engineering chain and supply chain and extracting insights.
”, the AI quotation cloud CADDi will be the first application for procurement. By accumulating supply chain data based on quotation information, Quote aims to transform the system into a data-driven system for setting and assessing purchasing prices and selecting suppliers. CADDi
Quote is a one-stop solution that manages a series of processes from requesting quotations, collecting quotations, comparing competitive quotations, and evaluating quotations, and capitalizes data for improving procurement. Utilizing AI analysis technology, we select the optimal supplier and assess prices based on past performance and characteristics of drawings, reducing the dependence of estimation work on individuals and improving work efficiency. Additionally, estimate information can be linked to drawings and accumulated to help improve procurement and sourcing operations. This solution not only improves daily estimating operations, but also helps procurement departments break out of negative loop structures and establish a cycle of continuous improvement and reform by turning data into assets. .
Establish a foundation for data utilization while promoting efficiency in estimation operations and strengthening QCD.
* CADDi Quote service site URL: * * https://caddi.com/quote/*
* ■ Voices of early users*
We would like to introduce the voices of two companies using the beta version of CADDi Quote, which was launched in February 2024.
*Takuya Tsurugimochi, Executive Officer/Second Factory Manager, Fuji Hydraulic Seiki Co., Ltd.*
“One of the issues was that the work in the procurement department required experience and knowledge, so it was easy to be
individualized.CADDi
By introducing Quote, we aimed to standardize and streamline estimation operations by utilizing in-house data. Many suppliers have agreed to this service, and within two months of its introduction, estimate work has been reduced by an average of 60%, and progress has been made in finding new suppliers. Furthermore, we have heard that suppliers have been able to respond more quickly to quotations, and that they have taken this opportunity to start thinking about promoting digitalization.
I used to think that procurement work would be difficult without experience, but now I realize that I was completely wrong. In the future, qualitative information will also be available from CADDi Quote and CADDi.
We hope that you will collect and collaborate with Drawer and use it to create truly mutually beneficial relationships with your suppliers. The shortage of manpower in procurement operations can be solved by reviewing the system, and “CADDi
The peace of mind that comes from being able to say, “It’s okay because I have Quote” is of great value.
* Mr. Keisuke Morita, Procurement Division, Procurement Headquarters, Hakaru Plus Co., Ltd.*
“In the procurement department, due to staff turnover and the addition of new members, disparities in knowledge and cost inconsistency were becoming a problem.Also, it was difficult for new employees to acquire knowledge quickly due to the busy work schedule. So CADDi
We introduced Quote to improve work efficiency and eliminate individualization. Three months after implementation, business hours were reduced by 30 to 40%, work progressed under one system, responses from suppliers were unified, and estimate work became more efficient. I feel that the selection of supplier AI assist will make it easier for even people with little knowledge to do their work, and will lead to a shift away from individualization. In the future, we will aim to reduce labor while maintaining quality, cost, and delivery (QCD), and increase individual time. CADDi
We hope that Quote will automate various tasks. ”
* ■ Overview of provided functions *
* 1. AI-assisted supplier selection and assessment based on analysis of past drawings and purchasing data *
– Supplier selection assist function based on AI analysis of drawings displays candidates for competitive quotations and actual prices for manufacturing similar products
– Request a quote with one click based on past data and candidate results * 2. One-stop management of quotation requests, collection,
appraisals, and comparisons*
– Visualize quotation status and collection results, making it easier to determine and manage suppliers
– Bulk selection of suppliers, bulk transmission, automatic generation of comparison table
* 3. Automatic accumulation and utilization of estimation work data * – All data exchanged on CADDi Quote is automatically accumulated and can be downloaded.
– By linking drawing data analyzed with CADDi Drawer, you can handle a wealth of attribute data and perform a variety of analyses. * ■ Future developments*
In order to fulfill our mission of “unleashing the potential of the manufacturing industry,” we will continue to strengthen our functions in order to become an infrastructure that will enable the
manufacturing industry as a whole to achieve compound growth. By accumulating more supply chain data through improved AI analysis technology and a chat function that allows on-screen communication with suppliers, we aim to support the use of data not only in the procurement department but also across design and manufacturing departments, providing even more value. We will continue to pursue the expansion of
* ■About drawing data utilization cloud CADDi Drawer*
* https://caddi.com/drawer/*
Drawing data utilization cloud CADDi
Drawer is a service that allows you to search and utilize important data such as accumulated drawings, reducing procurement costs and improving business productivity. Automatically reads information such as dimensions, symbols, and text written on drawings and stores it as structured data. Equipped with a similar drawing search function that analyzes drawing data using a unique algorithm, determines the level of similarity in 3D based on the characteristics of the shape drawn in 2D drawings, and searches for the necessary drawing. I’m doing it. CADDi, an AI quotation cloud that promotes the assetization of supply chain data
Quote will be provided as a CADDi Drawer application from September 2024.
Caddy Co., Ltd.
Caddy Co., Ltd. is promoting digital transformation of the
manufacturing industry with the mission of “unleashing the potential of the manufacturing industry.” We have developed and provided the “Manufacturing AI Data Platform CADDi”, which further improves human production activities by analyzing and correlating all data in the engineering chain and supply chain of the manufacturing industry and extracting insights. In June 2022, we will launch CADDi, a drawing data utilization cloud equipped with an AI similar drawing search function.
We have released Drawer to support the assetization of important data in the manufacturing industry. AI quotation cloud that will promote the assetization of supply chain data in the future
CADDi
We plan to provide various applications on the platform, including Quote. The total amount of funding has been 21.73 billion yen, and the company operates in four countries including Japan, the United States, Vietnam, and Thailand.
https://caddi.com/
* -Company Profile-*
Head office location: 4-2-2 Asakusabashi, Taito-ku, Tokyo D’sVARIE Asakusabashi Building (general reception 6th floor)
Representative: Representative Director Yushiro Kato
Established: November 9, 2017
Capital: 100 million yen (including capital reserve, 21.72 billion yen) Business details: Development and operation of drawing data
utilization cloud CADDi Drawer and AI estimation cloud CADDi Quote URL: https://caddi.com/