The new JAGGAER procurement platform has already yielded 150% ROI in management time and increased supplier relationship efficiency
Madrid, June 20th, 2024.- iryo, leading Spanish private high-speed railway operator, will complete the digital transformation of its procurement department by the end of this year. Among other objectives, the company has committed to carrying out 100% of its sourcing operations and negotiations with suppliers by means of an e-platform.
Since the start its digitalization project with JAGGAER, first Autonomous Commerce company, in November 2022, tenders and purchases launched and drawn up with this technology have grown by almost 55%. Once the second phase of the plan is completed, iryo will be able to manage all of these processes online.
According to iryo, ROI in savings of management time already exceeds 150%, while back -door purchases have decreased by almost 95%. In addition, the company has managed to establish a robust supplier system.
Similarly, in less than half a year, it has achieved complete visibility of 23% of its collaborators, which has translated into a more fluid relationship and less costly processes.
Among others benefits for the company derived from this implementation are reduced administrative times and costs, optimized procurement experience and an increase in contract investment. Moreover, iryo is rolling out AI technologies to ensure regulatory compliance in contracts and procurement policies.
A two-phase project
Two years ago, the company started an evolution in its systems that has taken it from carrying out its procurement processes and negotiations with suppliers manually to digitalization 4.0 and 5.0, following a two-phase plan.
In the first phase, the company designed a supplier module that offers a comprehensive view of data and performance. This helped improve compliance standards across the value chain in terms of transparency, human rights and the environment.
“In this second phase, we are working on the full digitalization of processes, the integration of new technologies and the personalization of purchases. We are convinced that Artificial Intelligence will allow us to get to know each user in an easier and more accurate way,” says Ares Puivecino, CPO, iryo.
“Technology has to be at the service of people and not the other way around. This is why we continue to try and provide the highest value to the procurement team, inspiring the whole process. Their experience, commitment and intuition are key to decision-making”, Ares says.
According to Carlos Tur, JAGGAER country manager for Spain and Portugal, “iryo was born with digital in its DNA, hence it has been able to take a giant step towards the digitization of its operations in a short time. Theirs is a model to be followed by many Spanish companies that still have doubts about the advantages of using an electronic platform which rules out inefficient manual tasks and reduces management effort throughout the entire procurement cycle, allowing the team to focus on more strategic functions.”
About iryo
iryo is the first private Spanish high-speed railway operator by number of frequencies and fleet volume and is owned by partners Trenitalia, Air Nostrum and Globalvia. The company began operations in 2022 with the only fleet of new trains on the market: in its first phase, 20 state-of-the-art units manufactured by Hitachi Rail-Alstom Group in which it has invested 800 million euros. The company won package B – the second with the highest number of frequencies after that awarded to Renfe – in the tender launched by ADIF in November 2019 for the liberalization of rail transport in Spain. iryo is led by Carlos Bertomeu, President; and Simone Gorini, CEO.
For more information, visit www.iryo.eu
About JAGGAER
JAGGAER is leading the Autonomous Commerce revolution, an autonomous B2B commerce experience between buyers, suppliers, IoT and Partners. More than €450 billion worth of goods flow seamlessly through the JAGGAER network each year. Leveraging AI and machine learning, our smart procurement solutions provide enterprise buyers and suppliers with intelligent recommendations that align buyer needs with supplier capabilities. Our solutions autonomously execute many of the repetitive tasks necessary to facilitate enterprise commerce. Our solution is networked, intelligent, comprehensive and scalable. We have more than 1,200 employees, all of them focused on customer success.
