Five new features cover the entire procurement cycle
Ask Light Source: Get answers instantly without digging through spreadsheets. Users can ask plain English questions about spend, suppliers, pipeline, or procurement history and get data-driven answers that standardize reporting and surface actionable insights for your team.
Ingesting items and cleaning data: Convert any file to clean item data. Easily drop in drawings, spreadsheets, PDFs, and images, and LightSource extracts and enriches the properties of new and existing items and combines data to achieve consistency between items and BOMs while preserving relationships.
RFX setup: From 2 weeks to 15 minutes. AI-built quote format templates increase efficiency, reduce formatting time, and create a standardized structure that can be reused across your team for future RFX events.
Supplier activation: Suppliers respond without chasing. Questions are answered instantly, deadline reminders appear automatically, and quotes arrive cleanly, regardless of the format your supplier submits.
Benefit optimization: I will accept the award with confidence. Users describe requirements in plain language, set custom constraints from cost to location to lead time, and optimize any scenario with ready-to-use deliverables for negotiation and award.
Idan Mintz, CTO and co-founder of LightSource, adds, “Every procurement cycle, supplier interaction, and award decision makes the system clearer.”
“This complexity makes the difference between tools that help teams and tools that change the way teams work.”
Spencer sat down with Procurement Magazine to discuss the AI hype and reality in procurement in 2025 – listen to the full episode here
