Percy Labs

Category: Procurement and supplier management

AI-powered procurement and supplier benchmarking for hospitality operators.

Percy Labs is a UK-based, AI-powered procurement platform built for hospitality operators, from independents and emerging brands through to multi-site and national groups. It ingests an operator's existing purchasing and invoice data, categorises and normalises products, matches equivalent SKUs across wholesalers and normalises pack, case and unit sizes so baskets can be compared like for like. From there it benchmarks current pricing, quantifies potential savings, analyses basket coverage and consolidation opportunities, and introduces relevant suppliers where appropriate. Final supplier pricing is validated back against the operator's historic purchasing before any decision is made. Coverage spans food and drink alongside packaging, disposables, cleaning products and sundries. Percy is not an ordering platform, a stock management system or a traditional buying group: the analysis starts with what an operator actually buys, in the quantities they actually buy it. There is no cost to the operator. Percy states that its revenue comes from suppliers when a successful new supply relationship is created. Percy states that it has analysed over £400m of hospitality purchasing data and typically sees savings of around 6% of cost of sale spend, including a 12.5% saving on fruit and vegetable spend at the four-site Double Puc operation. These figures are supplied by Percy Labs and are not independently verified by HotelLogic.

Capabilities

  • Purchasing and invoice data ingestion
  • AI product categorisation and normalisation
  • Equivalent SKU matching across wholesalers
  • Pack, case and unit size normalisation
  • Supplier and wholesaler basket comparison
  • Current price benchmarking
  • Savings identification and quantification
  • Supplier matching to actual requirements
  • Basket coverage and gap analysis
  • Supplier consolidation analysis
  • Supplier introductions
  • Final pricing validation against historic purchasing
  • Annual savings forecasting
  • Procurement benchmarking and insight

Vendor website

Listing on the HotelLogic marketplace. HotelLogic is vendor neutral: ranking and inclusion are never sold.