Standardizing the RFx Process with AI

How our Customers are Streamlining Supplier Selection and Driving Millions in Value

A global leader in next-generation semiconductor technology, is powering the future with sustainable solutions that drive the electrification of everything—from electric vehicles to renewable energy systems. But behind their cutting-edge products lies a familiar enterprise challenge: managing a complex and manual Request for Proposal (RFx) process.

The Challenge: An Outdated, Risk-Prone RFx Workflow

Despite being an $850M enterprise at the forefront of innovation, they faced RFx process issues common across many large organizations:

• Manual, time-consuming creation and distribution of RFx documents

• Difficulty comparing supplier responses, leading to delays and inconsistent decisions

• Limited transparency and fragmented communication across departments

• Risk of bias or human error in selecting vendors

• Insufficient audit trails for procurement compliance

These inefficiencies not only slowed down project timelines—they exposed the company to operational and financial risk.

The Solution: ConnXions AI-Driven RFx Platform

They turned to ConnXions, a platform purpose-built to automate and standardize the RFx lifecycle. By leveraging AI and process automation, ConnXions transformed Wolfspeed’s procurement function into a modern, data-driven operation.

Key features of the solution include:

• Automated RFx creation, distribution, and response tracking

• Centralized platform for cross-departmental collaboration on procurement projects

• AI-powered supplier analysis, offering data-driven insights into proposals

• Built-in compliance tools and audit trails to meet procurement regulations and standards

The Impact: Efficiency, Accuracy, and Millions in ROI

Implementing ConnXions unlocked substantial business value for them:

• 💰 $1M+ in estimated time savings over 3 years by streamlining RFx cycles

• 📈 $1.7M+ in improved supplier selection and pricing outcomes

• ✅ Lower risk of compliance violations, fraud, and bias in the selection process

• 🤝 Enhanced collaboration across departments, increasing project transparency and speed

Why It Matters

In today’s fast-paced, cost-sensitive business landscape, modernizing the RFx process isn't just a procurement issue—it's a strategic advantage. Wolfspeed’s success with ConnXions proves that when organizations standardize and automate critical workflows with AI, they gain not just efficiency, but clarity, control, and competitive edge.

Ready to transform your procurement process?

Let ConnXions show you how to standardize your RFx lifecycle with AI.