Procurement generates a lot of data. However, that data is often just a mechanism to report on the Procurement function’s performance. What happens when you start using big data principles such as aggregation of disparate data sources, dynamic dashboards and statistical analysis? Trends become apparent that couldn’t be seen before. Behaviors change. Information silos disintegrate and organizations start generating real value from their data. In this session, we will share how BP is using procurement analytics to unlock real value. A high level demo will highlight the power data can have when the system is your analyst.
Topics in this session included:
- How to democratize analytics
- How to influence behavior through analytics
- How to identify savings opportunities and deliver efficiencies through analytics
- How to take analytics in your organization to the next level
Categories: 2015 Spring - Amelia Island, Summit Presentations
SRC Type: Benchmarking and Analysis, Category Management, Procurement Operations, Sourcing Management