What can Smartswap be used for?

A strategic procurement company focused explicitly on price comparisons as a basis for negotiations. They wanted to see how their customers agreements matched the ones they had established with selected trusted suppliers. This was a part of their selling process, understanding if savings could be realized by switching suppliers. To do that, they would get transactional data from their customers, stating which articles they have bought and the price they currently have. To be able to compare prices, they will have to first map the current customers products to the products offered by their agreements.

Using Smartswap, it was made possible to generate extensive cross-references lists of entire assortment lines, enabling on-scale steering from one supplier to another. As alternative cost of switching suppliers could now be found almost instantly, the company could scale-up and approach customers with unprecedented speed. Steering towards their recommended supplier and growing their business. All thanks to Smartswap.

A distributor we worked with had an entire department dedicated to working with public tenders. These are contracts of who gets to supply public actors with products in a specific region. They can be very valuable, ranging from a few hundred thousands on the small end, to hundreds of millions, or even billions, of SEK. As our partner had an extensive product line, with over 75 000 articles, knowing which product is best suited to use for a specific bid was always difficult and manual. The company relied on personal experience and product experts who knew the capabilities of their assortment line by heart. But they were high-value people and finding the time for them to map products to requirements was challenging.

We introduced Smartswap to them. Uploading their entire product line to our application, converting it to an AI-driven database and giving them access to our service. We tested it out on a tender with 1500 product descriptions and requirements on it, for office supplies primrily that needed to be matched. Smartswap could produce a draft of the bid, presenting the best match from your product line, in just a few seconds. This draft showed them apart from the best match, also the distribution of similarity levels by product, which allowed them to right way be able to see if their assortment line covered the right products for this specific tender. This draft became the basis of their bid and Smartswap is now a natural part of the way they work. What is your use-case?

One of our partners has been managing multiple product lines in different countries, with the language barrier causing problems for their data-driven way of working. They wanted to be able to track progress of their organizations and offerings across nations from a categorical perspective. But how do you do that, when you have thousnads of products, in different languages, and want to map them to a centralized categorical tree? Since a centralized category tree was already in place, with extensive descriptions and product examples, we wanted to test if this was a task that Smartswap could do. Afterall Smartswaps biggest strength is finding the best match based on product information.

Instead of working with products, we used the same approach for categories instead. We uploaded the category tree to Smartswap, to get the AI running. Then we took a local product line, that had already been manually matched to the centralized category tree, and we uploaded it to Smartswap. Smartswap presented the most similar category for all products based on its best ability in a few seconds, and the results were staggering. In some cases, upon review, Smartswap had selected a more suitable categorization than had been manually selected. As we ran the same approach for other local product lines, we had managed to add centralized categorizations to all products for all product lines in just one day. Allthough we did find some discrepancies and the result was not perfect, this allowed us to start tracking how different product lines, in different countries, with different languages, performed from a categorical perspective. This proved to be very valuable as it made previously unknown insights about their data easily accessible. For us, this proves that Smartswap can be used for a large variety of situations. And although it might not be perfect or automate an entire task, it does speed up these processes a lot and present possibilities that have previously been unheard of. We know the power of this technology and have created Smartswap to make it easily accessible for you. So let us know, whats your use-case?