Upcoming Webinar:
‘Big Data’ is a buzz word we’ve all been hearing about for the last couple of years. Everything we do creates a trace and generates data, which can then be used to make better informed decisions in the future. Organizations are increasingly making use of their internal data to transform business functions by streamlining them using all available data to identify and eliminate bottlenecks.
Procurement produces big data and analytics enables deriving actionable insights and outcome from the data. These insights provide decision making support to the organizations in various areas which include spend analysis, contract management and supplier management. The future of procurement includes a prominent role of data analysis which has proved to make the organization more effective.
In order to optimize savings and performance as well as to uncover new sources of value to the organization, procurement leaders are extending beyond the traditional spend analytics and encompassing an end-to-end Source-to-Pay process.
Attend this upcoming webinar featuring Richard Waugh, VP, Corporate Development, Zycus Inc. and Paul Stasko, Senior Director, Curtiss Wright and gain insights for building championship teams with the ability to:
- Apply predictive analytics to proactively and preemptively take advantage of opportunities or avert risks
- Benchmark organizational performance to attain or maintain world-class levels
- Embed analytics within Source-to-Pay process flows for real-time decision support
- Extend procurement’s spend influence by enabling a fact-based dialogue with business stakeholders
- Optimize efficiency and effectiveness within the procurement organization and the supply base
- Institutionalize best practices to ensure sustainable, repeatable performance
- Engrain a “culture of compliance” through more effective oversight
