Supplier evaluation with big data

Decision-making in procurement is a critical factor for business success. However, many companies still rely on traditional, manual methods, leading to inefficiencies, increased costs, and limited supply chain visibility.

📊 Key Insight: A Gartner study found that companies leveraging advanced analytics in procurement reduced operational costs by up to 20% and increased efficiency by 30%.

This article explores how advanced procurement analytics enables real-time strategic decision-making, optimizing supplier management, controlling costs, and mitigating risks.