Data-driven ladder

Climbing the first rungs of the data-driven ladder

Alex Johnston

Technology has led procurement to a crossroads.

One path leads to the function becoming a highly automated, scaled-down entity on the periphery of the organisation. The other a function operating as a critical business partner, leveraging technology to inform and execute on a diverse range of strategic priorities.

This second path, from tactical, back-office function to strategic business partner, is one paved by data. Our ‘Data-driven decision making report’ places the spotlight on the organisations making this journey, profiling their leading practices.

These leading functions are crafting out a new value proposition with three critical elements;

A LOWER-TOUCH, ‘SELF-SERVICE’ PURCHASING MODEL

Procurement can reduce its administrative and transactional burden by using data to inform and optimise a self-service approach. How does this change procurement’s value proposition:

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