LOCOMeX is a unique AI powered collaborative project economy & supply chain procurement platform for optimizing environmental, social & governance (ESG) strategies.
LOCOMeX was founded under the belief that everyone deserves transparency and equal access to opportunities in the supply chain. The use of local small businesses especially from underserved/under-resourced communities to supply products & services, will improve delivery responsiveness & resiliency, and cause local economies to flourish.
LOCOMeX is developing an AI-powered, end-to-end supply chain procurement platform that is easy to use, encourages collaboration/innovation, and creates a win-win for all stakeholders
Our vision is to empower suppliers and drastically reduce economic inequality by increasing and widening the global supply chain through local content. As a result, ALL communities can thrive.
LOCOMeX Inc is a provider of project economy & supply chain (PES) technology solutions. It offers a comprehensive cloud based PES platform that connect enterprises/organizations with suppliers globally. LOCOMeX platform provides visibility & transparency into and control over how companies spend ESG, supplier diversity & supply chain procurement programs budget.
Our platform offers comprehensive suite of products, capabilities & features such as B2B2G Marketplace Connector, Small Business Portal, DivedIn, Invoices Tracker, Assetim, Integration Gateways, etc. that would typically require the purchase and use of multiple disparate enterprise applications and datasets. The core of the platform consists of strategic local content sourcing, supplier diversity planning, invoice to payment (I2P) tracking, and compliance analytics modules that form the transactional AI powered engine for managing a company’s supply chain procurement & supplier diversity spend.
The market we are entering into is small business/diverse supplier set-aside with a TAM size of $50B/yr. and served addressable market (SAM) size of $5B annually.
Our customers have a problem and it is inability to source, vet & procure faster and cheaper:
o Competent & pre-qualified diverse suppliers & local content resources which is costing them billions of dollars/yr. in uncaptured opportunities, compliance and project delays.
We solve this problem by offering:
o DivedIn - a cloud-based collaborative diversity resource planning & strategic local content sourcing tool. more