Procurement Magazine June 2023 | Page 70

DATA-DRIVEN DECISION MAKING

DATA-DRIVEN PROCUREMENT :

LEVERAGING PEOPLE , PROCESSES & TECHNOLOGY

ResMed ’ s Director of Procurement operations , Ama-Aidoo Sam , on how to use data to clarify and organise procurement across the board
WRITTEN BY : ILKHAN OZSEVIM

To work efficiently and make effective , informed decisions , procurement professionals rely heavily on data analytics . Insights from data analysis can be used in sourcing to select the supplier best suited to meet the requirements of the organisation .

In supplier management , having performance-related data means proactive management of suppliers to the contractual terms and being able to identify suppliers that are not performing and managing them . Access to risk data means awareness of issues that may impact compliance , quality , or lead to disruptions across the supplier
70 June 2023