Category: Data Analysis

See how chatbots improve procurement capabilities by utilising existing data and channel them through Artificial Intelligence algorithms to give accurate insights in a more personalised form.

All of us in procurement know that procurement non-compliance happens. The bigger the organisation, the more likely the chance that someone, somewhere is making purchasing decisions without consulting procurement or going through the defined process.

Data is the new oil, but how will it fuel procurement in the future? One way is for data to predict the future. Currently, the focus of data analysis is to examine the past. Spend analysis and management involve processing and analysing data to decrease procurement costs, improve efficiency and monitor compliance.