Procurement Magazine December 2024 | Page 108

PROCUREMENT TRANSFORMATION

AirPlus uncovers the payment data insights you need , so you can focus on unlocking your hidden potential

Shaping supplier relationships for the better With high-quality data at hand , procurement managers can show their talents by improving supplier relationships and optimising procurement strategies :
Supplier performance analysis : By analysing supplier transaction history and performance data , procurement managers can identify top-performing suppliers and areas for improvement .
This data-driven approach enables more informed decision-making in supplier selection and management .
Spend analysis : Data analytics enables procurement managers to gain deeper insights into spending patterns across different categories , departments and suppliers . This information can be used to negotiate better contracts , identify cost-saving opportunities and optimise procurement strategies .
108 December 2024