In this edition of SpendBytes, we outline the effective solutions ideal to tackle the challenges that beset procurement analytics. A combination of data visualization, artificial intelligence, and service-as-a-product model can help businesses deliver real business value. Spend analytics, especially, can increase cost savings opportunity for businesses by manifold, by collecting, classifying, and analyzing procurement expenditure in real-time.
Deploying analytics to anticipate spending in the Sourcing & Procurement process can proactively define cost savings and improve risk handling.Read More
A deep dive into the digitized sourcing & procurement space and why there is an urgent need for businesses to adopt procurement analytics solutions.Read More
Newer technologies such as Artificial Intelligence (AI) and Natural Language Processing (NLP) have opened up a world of opportunities to revolutionize procurement processes.Read More
Read about unique experiences and personal insights from our procurement professionals across the globe.
Vaman Sharma – Product Manager, Infosys BPM, IndiaRead More
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