Inside Supply Management Magazine

May/June 2021

Analytics Analysis: How Data Improves Decision-Making

May 11, 2021
By Carlos Mena, Eng.D., Raghu T. Santanam, Ph.D.

Procurement analytics is designed to provide data-driven solutions to supply management problems. Analytics leverages the organizational capabilities in data management to provide intelligent support for procurement decision-making. Analytics facilitates data collection from several source systems, classifying data to specific taxonomies and visualizing KPIs on dashboards or within business-intelligence tools.


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