Global Trade Plaza, an India-based B2B marketplace, has announced the launch of its AI Sourcing Suite, a comprehensive set of artificial intelligence tools aimed at transforming procurement processes for small and medium enterprises (SMEs) engaged in cross-border trade. The suite is designed to automate key procurement activities such as supplier discovery, quote generation, and order tracking, helping SMEs navigate global sourcing with greater speed and confidence.
The official launch marks a significant milestone for Global Trade Plaza, which has rapidly grown to encompass over 100,000 verified business users and facilitated more than 500,000 global transactions in the preceding 12 months. According to Pulkit Dwivedi, spokesperson for the company, this development is more than just a platform upgrade—it represents a strategic turning point for digital procurement in emerging markets. “By bringing AI directly into sourcing and negotiation, we’re helping businesses save time, reduce costs, and source globally with confidence,” he said.
The AI Sourcing Suite encompasses several key features designed to streamline procurement workflows. These include Smart Supplier Matching, which connects buyers with pre-verified suppliers based on product requirements, pricing history, and shipping regions; an Auto-RFQ Generator that instantly creates professional Request-for-Quote documents; a Live Procurement Dashboard that enables real-time tracking of quote responses, vendor performance, and order status; and a Multilingual Interface to facilitate seamless communication among diverse international users. The suite has been deployed across multiple industry categories on the platform, including industrial equipment, consumer goods, chemicals, and agriculture.
This launch coincides with a period of accelerated growth for Global Trade Plaza. In the second quarter of 2025, the company expanded its supplier verification program into eight additional countries and onboarded over 10,000 new SMEs from Southeast Asia, the Middle East, and Africa. Enhanced sourcing efficiency led to a 37% increase in platform retention, reinforcing the firm’s ambition to become a leading digital procurement ecosystem for underserved SMEs globally. Dwivedi emphasised that procurement is evolving beyond a back-office function into a strategic business lever, reflecting the growing integration of AI and digital tools into purchasing decisions.
Global Trade Plaza differentiates itself from traditional supplier directories by focusing on verified trade interactions, which prioritise buyer confidence and data accuracy. Multi-layer screening processes are applied to suppliers, and all quote activities are timestamped to reduce fraud risks and sourcing delays. The platform’s no-commission model allows suppliers to maintain full control over their pricing while gaining increased visibility among qualified international buyers.
Looking ahead, Global Trade Plaza plans to roll out further AI enhancements later this year, including automated deal closure suggestions, inventory forecasting tools, and AI-powered visual product match search capabilities using image recognition technology. These developments position the company as an increasingly vital partner for SMEs seeking efficient, reliable, and data-driven cross-border procurement solutions.
While Global Trade Plaza is innovating in the AI-driven procurement space, notable competitors are also making strides, particularly Alibaba.com. Alibaba recently introduced an AI-powered sourcing agent designed to simplify global B2B sourcing for SMEs by providing more accurate search results, conversational search capabilities, and intelligent comparison of suppliers and quotations. Their AI sourcing engine, which debuted in late 2024, allows merchants to interact via voice input and streamlines the match-making process for buyers and suppliers. Alibaba’s solutions similarly focus on making the typically complex sourcing and RFQ procedures faster and more efficient, incorporating features such as AI chatbots and upgraded image search to enhance user experience.
The concurrent advancements by Global Trade Plaza and Alibaba highlight a broader industry shift towards leveraging artificial intelligence to reduce procurement complexity, increase transparency, and empower smaller businesses to engage confidently in international trade. Market observers suggest that as AI technologies mature, they will become indispensable to digital purchasing platforms aiming to support SMEs in navigating global supply chains.
Global Trade Plaza’s AI Sourcing Suite thus represents an important development in the ongoing digital transformation of global trade, offering SMEs a potent combination of verified supplier networks, automated procurement tools, and scalable AI-driven intelligence—features increasingly essential in today’s fast-evolving international market landscape.
Source: Noah Wire Services
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