The world's most valuable resource
is no longer oil, but data

The Economist, 2017

Procurement analytics

Maintaining a competitive position and even the survival of a business is now increasingly dependent on the organization’s ability to use all areas of improvement. Procurement analytics offers tremendous opportunities to improve company performance. The transition to data-driven procurement is a practical author’s concept of how to turn procurement data into money and reach a new level of procurement management. Examples of the implementation this concept in this video.

About what:

  • Data-driven Procurement concept
  • How to start: strategy and approaches
  • Procurement Life Cycle
  • Leverage for procurement effect
  • Evaluation of the procurement effect, all types, examples
  • Savings vs. Cost Avoidance
  • P&L or Cash Flow
  • Costs vs. Budget
  • Purchase vs. Leasing
  • Payments delay management
  • Truth or Demonstration: Procurement Performance Measurement Approaches
  • Analytics as a level of procurement maturity
  • 8 types of analytics in procurement and what they give
  • Analytics Tools from Excel to Artificial Intelligence

For you:

  • Leaders and Procurement Teams
  • CFOs and financial supervisors
  • Operational directors
  • Business / Management Supervisors

It's also interesting for:

  • Anyone who wants to improve the company's operating results

As a result:

  • Understanding and capability to use all types of analysis in procurement
  • Skills development
  • Procurement evaluation methodology
  • "Correct" presentation of the result
  • Transition to data-driven procurement solutions
  • Understanding the functionality of tools in procurement
  • Increases in procurement savings

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