Procurement systems will need to seamlessly merge disparate and fragmented data sources, to deliver accurate and digestible information. Integrating functional silos will be critical to this.
Data science will become part of the job. With on-demand insight at their fingertips, category managers will be able to:
An energy and natural resources client is exploring the application of advanced analytics to provide a 360 degree view of value opportunities. Bringing together disparate data sets like spend, supplier performance, input & commodity prices and budget date, and combining that with project and commodity forecast data to support enhanced decision making and improved spend management.
It’s no longer business as usual for procurement. The scale and speed of transformation required to address market disruption is extraordinary.
Success requires a blueprint for turning disruptive events into opportunities to drive competitiveness and growth.
This is what the future demands of procurement. Contact us today to start moving forward.
Download Report: The Future of Procurement
Explore our insights below to learn about the key imperatives for procurement in a changing world.