Eliminate rogue spend by bringing structure to free-text buys
Find free-text data
Free-text, or non-catalog, spend is a massive source of hidden cost and risk in most organizations. It’s where maverick buying thrives and duplicate parts are born. MiLi’s Free-Text Monitor shines a light on this problem by using your purchase order history to identify repetitive free-text buys. Our intuitive dashboard shows you exactly what’s being bought, by whom, and how often. More importantly, it provides a streamlined workflow to convert these repetitive purchases into properly cataloged materials, allowing you to get them under management, control your spend, and prevent the creation of new duplicates. Stop the bleeding and start managing 100% of your MRO spend.
Who can benefit?
Procurement & Sourcing Leaders:
Gain visibility and control over your tail spend. Identify opportunities to consolidate suppliers, negotiate better pricing, and drive significant cost savings.
Category Managers:
Understand what’s really being bought in your categories. Use the data to identify opportunities for catalog expansion and to ensure your preferred supplier agreements are being utilized.
Master Data & Data Governance Teams:
Prevent the continuous creation of duplicate and poorly described materials. Use the Free-Text Monitor to proactively identify and catalog items before they become a data quality nightmare.
64%
Reduction in Free-Text Orders
20%
Improvement in stock accuracy
70%+
Catalog Adoption Rate
Automated Usage Analytics & Pattern Detection
Our system automatically analyzes your PO history to identify and group repetitive free-text purchases.
With a single click, you can initiate the material creation process to get a repetitive free-text item properly cataloged.
Features you'll love
Interested in taking MiLi for a test drive?
See exactly what’s being bought, by whom, and from which suppliers in our easy-to-use dashboard.
Track your progress in reducing free-text spend and monitor your catalog adoption rates over time.