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Creactives: Vendor Analysis (Part 1) — Solution overview, strengths/weaknesses, tech selection tips

Creactives solution

In this two-part Spend Matters PRO series, we will overview Creactives' unique technologies and capabilities that make it a vendor that every global multinational sourcing direct materials should be considering as part of their overall source-to-pay and/or supply chain technology arsenal.

While there are a large number of traditional solutions for material master data management (MMDM) and a similarly large number of analytics solutions with artificial intelligence (AI) auto-classification, most of the traditional MMDM solutions don't use advanced machine learning (ML) and AI. Most of the analytics solutions with AI have been trained on indirect data sets for the purpose of spend, and not material, classification. There are few MMDM or analytics solutions that were built specifically for automatic part and material classification — and fewer still for real-time classification and maintenance during the procurement cycle.

This is why Creactives is one of the most interesting players in the source-to-pay (S2P) space to hit the global procurement solutions scene. Its approach, combined with its almost two decades of experience in material classification using advanced knowledge engineering technology (ML, AI, semantic technology, deep learning, etc.), make it a unique provider — especially when you consider its real-time ability to classify and search parts and materials in over 25 languages.

Part 1 focuses on company background, solution strengths/weaknesses and tech selection tips. Part 2 gives a deep look at the solution, a list of Creactives' competitors and a detailed company SWOT analysis.

Creactives: Vendor Analysis (Part 2) — Deep solution overview, SWOT, Creactives competitors, summary

Creactives competitors

In this Spend Matters PRO article, we continue our introduction to Creactives, one of the most interesting players to hit the global procurement solutions scene in almost a decade.

Unlike traditional solutions for material master data management (MMDM), Creactives uses advanced AI-based knowledge engineering technology for classification. And, unlike the majority of spend analytics technology today, it uses specially designed disk-based processing for dealing with large data sets. Plus, its ability to be integrated into third-party S2P/supply-chain solutions for real-time product search and identification across multi-lingual global ERP/database instances makes it incredibly useful for multinationals that need to get a grip on their material master data.

Part 1 focuses on company background, solution strengths/weaknesses and tech selection tips.

Now, let’s examine Creactives’ solution, a company SWOT and Creactives’ competitors.