In a landmark collaboration poised to reshape the future of cost management and procurement intelligence, Muir AI, a rising leader in artificial intelligence-driven supply chain solutions, has partnered with S&P Global Market Intelligence, one of the world’s most trusted providers of data and analytics. Together, the two companies will deliver highly customised cost models, enabling businesses to achieve unprecedented visibility and control over product and procurement costs.
This joint offering arrives at a pivotal time for global industries, as companies contend with rapidly evolving supply chain challenges, cost volatility, and increasing product complexity. The demand for precision, agility, and transparency in procurement and product design has never been higher.
Through this partnership, S&P Global Market Intelligence will integrate its expansive industry datasets with Muir AI’s proprietary AI modelling platform to create robust, scalable solutions tailored to the specific cost structures of individual businesses. This collaboration will allow organisations to better anticipate cost escalation, optimise sourcing strategies, reduce risk exposure, and unlock new areas for operational efficiency.
“By combining the power of Muir’s technology with S&P Global Market Intelligence’s world-class datasets, this new offering will deliver essential value to the market,” said Harris Chalat, CEO of Muir AI. “Companies can now access detailed, customised cost models for complex systems at scale, transforming the way they manage procurement and enabling more profitable decision-making across the board.”
Muir AI’s platform brings cutting-edge artificial intelligence to the traditionally static world of cost analysis. Rather than relying solely on historical benchmarks or fixed pricing models, Muir’s technology generates dynamic, product-specific forecasts that respond to real-time changes in material prices, labor markets, energy inputs, and logistical conditions.
Paired with S&P Global’s trusted financial and industrial data, the result is a suite of AI-powered models that not only predict costs but also help procurement leaders understand why costs are moving and what actions can be taken to mitigate them.
“With the pressures of inflation, geopolitical instability, and fluctuating material prices, companies need tools that can adapt as quickly as the world does,” said a spokesperson from S&P Global Market Intelligence. “This partnership reflects our commitment to empowering businesses with deeper insights and more proactive decision-making tools.”
The collaboration will initially focus on sectors with high product complexity and supply chain sensitivity, such as automotive, electronics, aerospace, and industrial manufacturing, but is designed to scale across industries. Key features of the new solution include:
- Granular visibility into cost breakdowns, including raw materials, indirect costs, labor, and overhead
- Customizable inputs and forecasts tailored to individual product assemblies, geographies, and timelines
- Predictive analytics that help procurement and design teams model cost implications of sourcing changes or design modifications
- Integration capabilities with enterprise resource planning (ERP) systems for seamless deployment
This new approach marks a departure from one-size-fits-all cost management tools, offering instead a bespoke experience that adapts to the unique economic and structural realities of each company’s supply chain.
As supply chains become increasingly global and interdependent, businesses face mounting pressure to balance cost control with sustainability, resilience, and speed. The Muir-S&P Global partnership reflects a broader shift toward technology-driven procurement strategies that emphasize adaptability, precision, and strategic foresight.
By equipping procurement leaders with real-time, AI-informed intelligence, the collaboration aims to drive better sourcing decisions, improve profit margins, and strengthen competitive positioning, especially for companies seeking to navigate complex global environments.
Furthermore, the solution supports organisations in meeting ESG and sustainability goals by identifying cost-effective, lower-impact materials and suppliers, an increasingly important consideration in modern procurement strategies.
Looking ahead, both companies have signaled a strong commitment to innovation. Future development plans include expanding the platform’s capabilities to include carbon accounting, lifecycle cost analysis, and advanced scenario modeling for risk mitigation.
“This is only the beginning,” added Chalat. “As the market continues to evolve, our collaboration with S&P Global Market Intelligence will allow us to bring even more value to customers by helping them not just manage costs, but make smarter, faster, and more sustainable business decisions.”