Gartner® Report: Use Advanced Analytics to Make Better Procurement Decisions

As per Gartner’s Procurement’s Value Contribution in Supply Chain Survey, Advanced analytics is the highest invested digital technology amongst procurement organizations, closely followed by Artificial Intelligence to secure the businesses against external influences. While descriptive and prescriptive analytics are being utilized by CPOs in their day-to-day decision making, employing “advanced analytics” can provide forward thinking procurement organizations data-driven insights and power to make impactful business decisions.

Bundled with Artificial intelligence, advanced analytics can insulate procurement processes from threats and uncover insights from the historical & real-time data for better cost-savings and risk mitigation opportunities.

In this research, deep dive into:

  • Analytics techniques available to Procurement
  • Expected impact of Advanced Analytics in Procurement Context
  • Top use cases of Advanced Analytics in Procurement
  • Step by Step guide to getting started on the journey to implementing advanced analytics

Download this report today and get started on your journey of leveraging advanced analytics to achieve your business goals!

Gartner, Use Advanced Analytics to Make Better Procurement Decisions, by Geraint John and Miguel Cosslo, published on 18th September 2020.

Gartner is registered trademark and service mark of Gartner, Inc and/or its affiliates in the U.S. and internationally and is used herein with permission. All Rights Reserved.

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