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Coupa Software Inc. (via Public) / $300 Million and a Nobel Prize


$300 Million and a Nobel Prize
Donna Wilczek recently posted about a Coupa customer who saved $300M (versus their current spend) on a single sourcing event. This was a large event with 6,000 items and 300+ suppliers bidding. The buyer also had 400 different business rules as part of the process. The product behind this savings is Coupa Sourcing Optimization (CSO).
Interestingly, it is the science embedded within CSO that makes this kind of savings possible. It is the same science behind the winners of the 2020 Nobel Prize in Economics for their work in auctions. Specifically, the science is combinatorial optimization (Ed Rothberg, one of the world s leading experts in optimization, wrote a nice explanation). ....

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