TradeBeyond has introduced PO Line Risk Rating, which leverages AI to analyze thousands of historical data points. Part of TradeBeyond’s Pivot88 platform, its PO Line Risk Rating functionality uses advanced machine learning algorithms to continuously improve risk assessments for quality failures.
By employing predictive analytics to evaluate multiple risk factors such as product type, materials used, country of origin and many others, the system assigns a percentage risk score to each purchase order line, indicating the likelihood of quality issues or delays. This allows businesses to proactively identify and address high-risk PO lines.
It is designed to enhance inspection management and reduce operational costs by minimizing unnecessary inspections on low-risk PO lines. Risk ratings are displayed as part of users’ existing workflows, enabling better planning and prioritization of inspections and audits. Customizable risk thresholds allow quality managers to set their own parameters for risk levels, ensuring that resources are allocated effectively and strategically.
