Procurement teams need to be on top of external factors that are constantly evolving, such as commodity prices, supplier capacities, and supply chain constraints. Meanwhile, they must keep a close watch on transactions, spending, consumption, and demand patterns internally. Organizations that blend external market intelligence with internal enterprise intelligence are creating a competitive edge for themselves by spending more strategically, slashing waste and fraud, and pivoting more nimbly.
• Deriving insights from transactional data.
• Blending transactional and market intelligence data to get actionable insights and recommendations.
• The best external parameters to qualify suppliers.
• How category and commodity insights drive a more effective and secure sourcing process.
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