Metadata Explained: What it Means for Spend Analytics, Supply Risk, Supplier Performance, and More

In procurement, especially in areas of risk management, the opportunity to develop additional value from metadata analysis is enticing. Sure, it requires a bit of initial programming and possibly some hardware to really massage the data, but after that there’s really no variable cost associated with this. The benefits can be tremendous – done right, this will be the most power risk analysis and opportunity assessment approach supply chain has ever seen. This paper illustrates some practical ideas regarding the benefits.