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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

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What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Click here to talk to Ivalua about your Procurement strategy. Both are essential to the success of every business.

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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

An Ardent 2021 survey of more than 350 CPOs and other business leaders found that there’s a strong push by procurement teams to adopt suites instead of a collection of standalone or one-off solutions. 5 Procurement Increasing Its Focus on and Use of Data. More on that here.