According to McKinsey, emerging digital and analytics tools will have profound business implications and promise new levels of procurement performance. Just imagine a procurement team so deeply connected to every tier of its supply base that it has access to all relevant data on cost structures, supply availability, lead times, and service and quality metrics.
Empowering your team with the right data and insights not only means they are well-positioned to negotiate the “right” price, but will also allow them to instantaneously adapt their plans and drive your team to optimum efficiency. (source: McKinsey)
Watch Srikanth Srinivas, ThoughtSpot’s Director of Business Value Consulting and Andreas Zimmermann, CEO of mySupply, as they discuss:
- How despite growing data volumes and complexity, buyers can get immediate insight into all their supply chain data
- How to establish full transparency in your procurement processes to quickly identify: cost saving potentials, supply availability, lead times, risk areas and service and quality metrics
- How AI and data can drive insights to optimise supplier management and streamline operations