Procure to Win: Startup Creates Tool That Simplifies Vendor Selection in the Business World
Duxiter is the name of the solution and consists of an innovative B2B platform that delivers objective and reliable information to facilitate strategic decision-making in this key choice for any business.
Finding a reliable supplier, avoiding being left with just one because it is a “known devil”, is the objective of the company Procure to Win , a Chilean startup that provides solutions to companies to make the process of finding suppliers simpler and make their supply chains efficient and sustainable.
And how do they do it? Through Duxiter. It is a multi-industry platform with a powerful search engine that uses a data science-based model to evaluate suppliers, giving companies a clear view of standard and capability. In addition, the company plans to implement artificial intelligence and machine learning technologies in future updates to further improve the efficiency and accuracy of its service.
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“Even the largest companies with trained procurement professionals with a lot of knowledge of the market don’t have enough time, knowledge or tools to go out and find and evaluate suppliers. With Duxiter, we’re committed to helping do that quickly and efficiently,” said Elizabeth Cáceres, co-founder and CEO of Procure to Win.
“ Our focus on transparency, objectivity and continuous improvement drives our mission to facilitate economic growth and sustainability in the business ecosystem.”
Since its launch, Duxiter has registered more than 200 suppliers across a variety of industry sectors in just four months. In addition, they have received financial support and recognition from institutions such as Startup Chile-Corfo, the Municipality of Huechuraba and the 3IE Institute, the business incubator of the Federico Santa María Technical University, which included it in its portfolio. This guide has given them access to a wide network of mentors and connectors who have helped them empower and look beyond their original plan.
Sustainable approach
With a focus on sustainability and economic development, Duxiter is contributing to the achievement of the UN Sustainable Development Goals, especially SDG 8 – Decent Work and Economic Growth.
This is because “with our evaluation model we push suppliers to be more formal in their legal and human resources processes. We give them visibility of their sustainability conditions, as we measure their level of progress in ESG (environmental, social and governance) parameters,” says Elizabeth Cáceres.
Currently, they are in the evaluation stage of some international suppliers for one of their clients, since “our target market is the most relevant countries in the Americas and the European Union,” concludes the executive.