The session examined how technology and data analytics can provide: insights to transform and inform procurement strategies and programs; intelligence to drive more effective strategies and engagement with suppliers and stakeholders; and foresight and visibility to anticipate and evaluate demand and risk. The session is based on a recent IBM study, Procurement Analytics: Enabling the Journey to Value, which involved in-depth interviews with CPOs at Fortune 1000 and Global 2000 companies, all of whom had more than twenty years’ experience in procurement.
Topics covered in this session included:
- Details on how analytics can help drive procurement transformation and success
- Recommended strategies for creating a successful advanced procurement analytics program
- Advice on defining business challenges and applying analytics to gain insights and solutions
- Definitions and strategies for extracting and leveraging different types of data
Categories: 2016 Spring - Orlando, Summit Presentations
SRC Type: Benchmarking and Analysis, Disruptive Digitization, Procurement Operations