The challenges of adopting procurement analytics
PROCUREMENT ANALYTICS
The challenges of adopting procurement analytics
Chad Gottesman :
• Procurement leaders continue to struggle to deploy more mature analytics capabilities and often don ’ t know what technology to invest in , with leaders believing they are lagging inoperational maturity and lack ‘ futurereadiness ’ ( only 7 per cent of leaders identify as future-ready )
• 24 per cent of procurement executives rate technology as a top challenge to growth in key areas )
Alex Saric :
• Data accessibility : to maintain effective supply chain visibility , organisations need access to a broad set of data , both externally and internally , and they need to trust it .
• Data quality : internal data is often in poor shape at most organisations , spread out across many systems in inconsistent formats and not accessible by decision-makers .
Alex Saric CMO and smart procurement expert , Ivalua
76 June 2021