One of the key elements of advanced analytics is not just increasing dataset complexity (e.g., adding more and more source data, like back-end financial systems and card-payment data) but rather exploring the key intersections and trending of the combinations of assets. “Big data” is almost a misnomer in this context. The queries and visualizations that sit on top of slices of the underlying dataset combinations are even more valuable.
Analytics Content
The Importance of Master Data
In today’s business world, data is a valuable corporate asset which, when managed properly, can support a company’s ability to achieve strategic goals and financial […]
Commodity Price Management at BorgWarner Part 1: The Tip of the Iceberg in Supply Analytics
BorgWarner gave a terrific presentation at this year’s ISM annual conference regarding Commodity Price Risk Management that I thought I'd share. Borg Warner is a […]
Getting More from P2P with Better Analytics and KPIs (Part 2)
In the first installment of this series, based on the Spend Matters research paper Avoiding “Dumb Ways to Die”: eProcurement and P2P Style Adoption Scenarios […]
When Procurement Met Siri: A Simple Future for Spend Analysis? (Part 2)
This post was co-authored by Jason Busch and Ryder Daniels. Yesterday, we introduced the concept of a simplified interface based on voice and text entry […]
When Procurement Met Siri: A Simple Future for Spend Analysis? (Part 1)
This post was co-authored by Jason Busch and Ryder Daniels. Even as data and visualization geeks, we’ll be the first to admit that we’ve overcomplicated […]
Navigating Procurement Data: Simplify to Think Outside the Cube
We’re excited to begin a new series exploring the future of how we are likely to work with and navigate procurement data through new interfaces, […]
A Procurement Analytics Collaboration: What’s Coming Down the Pike
I had the good fortune of having an old friend and procurement data wonk/geek/junkie in the office this week: Capsaicin’s Ryder Daniels. I’ve known Ryder […]
BravoSolution: Category-Specific Advanced Sourcing and Analytics (Part 2)
See Part 1 of our analysis here. In terms of their product roadmap and investment, BravoSolution is heavily focused on specific functional and architectural areas and configuring […]
BravoSolution: Category-Specific Advanced Sourcing and Analytics (Part 1)
The Spend Matters team recently caught up with a number of the product and category minds behind BravoSolution’s products and solutions (including highly specialized solutions […]
BravoSolution: Category-Specific Advanced Sourcing and Analytics (Part 1) [Plus+]
The Spend Matters team recently caught up with a number of the product and category minds behind BravoSolution’s products and solutions (including highly specialized solutions in transportation, packaging, MRO, and IT). We didn’t just discuss some of the nuanced analytical and sourcing approaches BravoSolution is applying to these individual categories, but also the findings from a Bravo-internal research study showing that companies that employ more advanced sourcing techniques are outperforming peers in operating margin and ROIC.
Back to the Future of Analytics
Since we published more humorous stuff earlier today given the date, we thought we'd put a little more "meat on the bone." And what's better […]