Procurement functions rely heavily on data. However, the abundance of data can lead to overwhelming amounts of reports and metrics. Procurement leaders should guide users in systematically adopting analytics, starting with basics and focusing on 10 influential use cases, not 100, to avoid confusing end-users.
Our Head of Procurement Insights, Sid Poddar, will discuss the Procurement Analytics framework, including the Procurement Analytics Maturity Model, to guide leaders in adopting analytics and leveraging it to make data-driven decisions.
Key Takeaways
- 1. Explore how procurement analytics framework helps leaders interpret use cases and assess maturity levels
- 2. Impact of procurement analytics on driving decisions and overall business performance
- 3. Real-world examples such as spend analysis, supplier performance, contract management and more