An Introduction to Sourcing Business Intelligence (Part 1): Definition and Driving Forces [PRO]

The problem with the term “sourcing business intelligence” is that it can have vastly different interpretations. Yet sourcing BI is a concept that we’re increasingly hearing mention of with our procurement practitioner and consulting firm clients, albeit with different names attached to it.

Not to be confused with spend analytics, the concept of Sourcing BI could prove as important to the digital procurement organization of the future as category management did in the past decade — or perhaps even more invaluable. This Spend Matters PRO analysis provides an introduction to the concept of sourcing BI, starting first with a definition and an overview of the trends that are driving it.

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