Today’s procurement is not only about delivering savings. Procurement’s mandate has widened to cover supplier risk, diversity, and sustainability topics. Data has become the centerpiece of value creation in these domains, and procurement’s access to and familiarity with this data puts them in the best position to impact development. Modern analytics tools are required to maximize the value of these data assets. One of the world’s leading teaching and research institutes, Stanford University, will share its journey in procurement analytics and how they have used data for insights to provide concrete results to procurement’s business partners. 

Contributors: Sievo, Stanford University
Categories: 2023 Spring - Amelia Island, Summit Presentations
SRC Type: Benchmarking and Analysis, Procurement Operations