PromptLab
UnclaimedAI-powered procurement agent for manufacturing, streamlining sourcing, RFQs, and negotiations.
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TL;DR - PromptLab
- Automates end-to-end procurement processes using AI agents.
- Detects and mitigates price variance across suppliers, sites, and time.
- Streamlines RFQ cycles and provides structured data for negotiations.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces RFQ cycle times (up to 60% faster)
- Exposes hidden price variance and delivers verified cost savings
- Zero integration pain, onboarding in days without ERP replacement
- Increases procurement throughput without adding headcount
- Provides clean, historical, and auditable supplier data
Cons
- No free tier available
- Enterprise features like dedicated support and full vendor package are only available on the highest tier
Key Features
AI-powered sourcing, RFQs, and negotiationsPrice Variance Intelligence (detects price drift from PDFs/emails)RFQ Operations Automation (distribution, follow-ups, response tracking, quote normalization)Structured Supplier Negotiation Data (price, MOQ, lead time, compliance)BOM ManagementSupplier Relationship Management (track spend, award history, performance)Contract Management (value, risk, negotiation opportunities)Intake Orchestration
Pricing Plans
Starter
$499/mo
- Validation phase
- Active Sourcing
- RFQ Drafting
- RFQ Automated Sending
- Quote Normalization & Comparison
- Supplier Analytics
- Product Price Analytics
- Notifications & Announcements
- Response Time: Best effort
- Locations: 1
- Onboarding: Self-serve
- Security Docs: Basic, GDPR
- Support Model: Email only
Core
$999/mo
- Validation phase
- Active Sourcing
- RFQ Drafting
- RFQ Automated Sending
- Quote Normalization & Comparison
- Supplier Analytics
- Intake Orchestration
- Product Price Analytics
- Approval Workflows & Audit Trail
- Notifications & Announcements
- Supplier Onboarding & Docs
- Response Time: 24h
- Locations: Up to 5
- Onboarding: Assisted
- Security Docs: SOC2 roadmap
- Support Model: Business hours Slack
- Punch out Integration
Professional
$1,999/mo
- Validation phase
- Active Sourcing
- RFQ Drafting
- RFQ Automated Sending
- Quote Normalization & Comparison
- Supplier Analytics
- Intake Orchestration
- Product Price Analytics
- Approval Workflows & Audit Trail
- Notifications & Announcements
- Supplier Onboarding & Docs
- AI Contract Management
- AI Negotiation Support
- Response Time: 8h
- Locations: Up to 11
- Onboarding: White-glove
- Security Docs: SOC2 + DPA
- Support Model: Priority Slack + AM
- Punch out Integration
Enterprise
Custom
- Validation phase
- Active Sourcing
- RFQ Drafting
- RFQ Automated Sending
- Quote Normalization & Comparison
- Supplier Analytics
- Intake Orchestration
- Product Price Analytics
- Approval Workflows & Audit Trail
- Notifications & Announcements
- Supplier Onboarding & Docs
- AI Contract Management
- AI Negotiation Support
- Load Tracking
- Response Time: 2h
- Locations: Unlimited
- Onboarding: Program-managed
- Security Docs: Full vendor package
- Support Model: Dedicated TAM
- Escalation
- Punch out Integration
- End to End Post PO Support
About PromptLab
By Toolradar Team·
PromptLab is an AI-native platform designed to revolutionize procurement for manufacturing companies and labs. It replaces fragmented spreadsheets with a single system of record, streamlining Bill of Materials (BOM) management and accelerating supplier collaboration. The platform utilizes AI agents to execute sourcing, RFQs, and negotiations end-to-end, significantly reducing manual work and cycle times.
PromptLab is ideal for multi-site manufacturers and labs looking to achieve 'Spec-to-Scale' sourcing efficiency. It provides features like price variance intelligence, RFQ operations automation, and structured supplier negotiation data. The system aims to deliver measurable cost savings, faster procurement cycles, and clean, auditable historical supplier data without requiring complex integrations or disrupting existing ERP systems.
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PromptLab FAQ
How does PromptLab detect price variance when data is embedded in unstructured formats like PDFs and emails?
PromptLab's Price Variance Intelligence utilizes AI agents capable of extracting and analyzing data from unstructured sources such as PDFs and emails. This allows it to detect silent price drift across different suppliers, sites, and over time, even when the information isn't in a standardized digital format.
What is the typical onboarding process for PromptLab, and does it require extensive IT involvement or ERP integration?
PromptLab is designed for zero integration pain, allowing onboarding in days using existing workflows. It does not require ERP replacement or a significant IT project. The process involves three steps: using existing demand data (SKUs, requisitions, RFQs), letting AI agents run RFQs automatically, and then reviewing and awarding based on structured quotes. Different pricing tiers offer self-serve, assisted, white-glove, or program-managed onboarding.
Can PromptLab handle complex RFQs involving multiple suppliers, quantities, and varying terms simultaneously?
Yes, PromptLab provides RFQ flexibility that adapts to real-world buying scenarios. It allows users to run RFQs across multiple suppliers, quantities, and terms without needing to restart or rework requests, ensuring adaptability for complex procurement needs.
Beyond RFQ automation, what specific capabilities does PromptLab offer for managing supplier relationships and contracts?
PromptLab offers comprehensive supplier relationship management by tracking supplier spend, award history, and performance from the initial RFQ through to the final purchase. For contracts, it provides contract management features that reveal contract value, risk, and negotiation opportunities, helping to identify potential issues before they impact costs. Higher tiers also include AI Contract Management and AI Negotiation Support.
How does PromptLab ensure the data it collects is reliable and auditable for finance and compliance purposes?
PromptLab ensures data reliability and auditability by structuring all quotes by price, MOQ, lead time, and compliance. This creates clean, historical supplier data with full traceability, making it ready for audits, reviews, and finance validation. The platform aims to provide measured cost savings backed by these structured quotes and price history.
What is the difference in response time for agent-handled tasks across the various pricing tiers?
The response time for agent-handled tasks varies by pricing tier. The Starter package offers 'Best effort' response time. The Core package provides a 24-hour response time. The Professional package guarantees an 8-hour response time, and the Enterprise package offers the fastest response time at 2 hours.
Source: trypromptlab.com