Franke turned messy spend data into strategic advantage, in weeks.
Franke, a Switzerland-based industrial powerhouse, had an internal tool but no real visibility, with whole swaths of spend buried in a catch-all "Material Others" category buyers couldn't make sense of. In about three weeks, Mithra and Franke's team built a validated, AI-assisted taxonomy and reclassified the data, turning a months-long problem into negotiation power.
Chief Procurement Officer
Switzerland · Global
"Without Mithra, we would have been much slower."
Angela Rametsi is Chief Procurement Officer at Franke. Her buyers were stuck with unreliable material classifications and almost no insight into where value sat. Mithra's AI suggested classifications, her team validated them, and a months-long project collapsed into weeks.
"We went from fragmented visibility and misclassified spend to a robust, AI-assisted taxonomy and classification in just weeks."
Angela RametsiChief Procurement Officer, Franke Management
A tool that gave them everything but visibility.
Franke already had an internal tool, but it couldn't drive value or even surface what the group was buying. A material group called "Material Others" lumped multiple categories together, and buyers simply couldn't make sense of it.
- An internal tool that delivered no real spend visibility
- A catch-all "Material Others" group hiding multiple categories
- Unreliable material classifications buyers couldn't trust
- No basis to spot negotiation opportunities or build strategy
- Manual taxonomy work that was error-prone and slow
"We had a material group called 'Material Others' which included multiple categories. Our buyers couldn't make sense of it, and therefore couldn't identify negotiation opportunities or formulate category strategies."
AI suggests, the team validates.
Mithra paired its cognitive intelligence with Franke's domain expertise in a tight collaboration loop, rapidly proposing classifications and improvements that Franke validated against internal context.
Baseline taxonomy
Mithra's AI proposed a structure and classifications that Franke's team refined, finalizing a clean baseline in about three weeks.
Reclassify all spend
Every transaction, including the "Material Others" bucket, was AI-reclassified with high accuracy, then played back to Franke to validate.
Govern over time
New products and acquisitions are absorbed without losing data integrity, with Mithra reconciling taxonomies and flagging discrepancies as they arise.
Surface pricing
With spend mapped across suppliers and locations, buyers see the average, highest, and lowest price for the same material before they negotiate.
Spend data as a strategic asset.
In roughly three weeks, Franke went from zero to a validated taxonomy with all spend reclassified at high accuracy, while cutting the internal workload the team had braced for. The taxonomy now stays alive, classifying new products and reconciling acquisitions automatically.
See more customer stories- Validated procurement taxonomy in about three weeks
- All spend AI-reclassified with high accuracy and governance
- Reduced internal workload while boosting data quality
- New products and acquisitions absorbed without losing integrity
- Average, highest & lowest price visible across suppliers
From a black-box category to negotiation power.
"Material Others", solved
The catch-all bucket that confused every buyer is now a clean, granular taxonomy, so the team can finally see what they actually buy.
Negotiation, aimed
Average, highest, and lowest price per material across suppliers points buyers in the right direction and backs every negotiation with data.
Future-proofed
As products launch and acquisitions land, the taxonomy maintains itself, reconciling new data and keeping category integrity intact.
"Frequently, I would suggest adjustments or new ideas, and by our next meeting, Mithra's team would have already implemented them. Their ability to understand our needs and deliver tailored solutions has been incredibly valuable."
Angela RametsiChief Procurement Officer, Franke Management
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