THE NUMBERS BE DEMAND FOREC
Nearly 50 %
Spreadsheet-based workflows remain a pain point. Nearly 50 % of teams still report productivity slowdowns due to manual data entry, though 43 % of leaders are prioritising change
17.9 %
The spend analytics market – a key enabler of demand forecasting – is projected to reach a compound annual growth rate( CAGR) of 17.9 % by 2027, reflecting increased investment in cloud computing and smart analytics tools( Procurement Tactics)
55 %
Research on the use of procurement analytics tools reveals they increase demand forecast accuracy by 55 %, granting companies stronger contract negotiation power and decreasing the odds of stock-outs
16 July 2025