Big Data Analytics Revolutionizing the Procurement Process
Big Data Analytics for procurement has become a game changer as it can help organizations in reducing costs, utilizing time, labor, capital and other resources more effectively. In the ecosystem of procurement, the benefits of Artificial Intelligence (AI) can be significant. It includes providing actionable, real-time insights about the availability and lead times of materials, cost, and operational risk of the suppliers and the geographies they operate in. With robust decision making skills and leadership, this knowledge pool can boost organizational agility among others.
Join us in this webinar to get an insight on ways in which Big Data can improve the procurement process and optimize costs apart from the actions that could be taken by procurement professionals to elevate its influence in the AI driven world.
Key Takeaways From The Webinar:
- What is Procurement Analytics and why is it important?
- Strategies to help procurement leaders get value from Big Data
- Challenges faced by companies
- Case Study: Innominds’ solution for a global leader in building materials
- The future of Procurement Analytics, and how Deep Learning and Machine Learning are breaking new grounds
Target Audience:
Procurement Managers, Business Analysts and anyone with an interest in Procurement Analytics.
