Maintaining a competitive position and even the survival of a business is now increasingly dependent on the organization’s ability to use all areas of improvement. Procurement analytics offers tremendous opportunities to improve company performance. The transition to data-driven procurement is a practical author’s concept of how to turn procurement data into money and reach a new level of procurement management. Examples of the implementation this concept in this video.
The world's most valuable resource
is no longer oil, but data
The Economist, 2017