Home | Paper | The Future of Procurement Demands Smarter Spend Analytics: Here’s Why
Spend Matters - Research Download

The Future of Procurement Demands Smarter Spend Analytics: Here’s Why

Analytics is one of the truly core competencies for procurement organizations. Why? Procurement organizations are beginning to transcend their roles as cost reducers and gatekeepers.

While most analytics, such as traditional spend analysis, have historically focused on reporting (“what happened”), the more valuable analytics are predictive (“what will likely happen”) and
even prescriptive analytics (“what should be done”) that can help reduce costs, risks and lost opportunities before they occur.

These forward-looking analytics will increasingly integrate not just internal data but also mass volumes of unstructured external “big data”, both of which will be trained by knowledge experts, including large communities of users belonging to next-generation, cloud- based analytics solution providers. This paper explains the characteristics of “intelligent” analytics technology.

To get your free copy of The Future of Procurement Demands Smarter Spend Analytics: Here's Why, please complete the short form below. Members: Skip the form and log in to grab your free copy.

Spend Matters creates critical content for leaders in procurement and supply chain year-round.