Spendscape by McKinsey’s Post

Looking forward to this year's themes and discussions how data & analytics help for better decision making.

Where is #procurement heading and what trends are driving it in that direction? SpendHQ + Procurious recently released a survey of 300+ #procurement professionals to answer those questions! We also held a webinar recently to discuss the findings! Access the webinar below and find a link to the study in the comments! https://lnkd.in/ePNpecVJ

We're thrilled to start 2024 with Art of Procurement's Philip Ideson and our very own Fiona Adams in next month's webinar! Read more to see what they're most excited to speak about in the slides below ⬇   Join us on Thursday, January 18th from 11:00 AM - 11:45 AM PST | 2:00 PM - 2:45 PM EST by clicking the link below! 📆 Register for free: http://bit.ly/3uVtnLY #procurement #marketintelligence #supplychain #procurementleaders

This article explores why spend visibility matters during unpredictable times in the procurement lifecycle and how organizations can leverage technology solutions to gain better visibility into their spend data. Quick read

Nearly every speaker at Procurement Leaders | A World 50 Group Community last week in Miami mentioned the importance of data to their strategies, delivering value, managing increased regulations and disruptions, and foundational for leveraging AI. “It all starts with good data”, “data is the foundation”, “data is the light”… but, the challenge in achieving good data is complex, incredibly difficult and expensive. But for those who achieve it, the value will be endless and there will be a compounding effect that will outperform peers and competitors. Learning about data and building the business case for achieving quality data is a great starting point. I hope you enjoy and find the report by Spend Matters insightful and valuable!

📢 Cyrille Desbazeille, CPO of Franke Group sharing his insights on the importance of accurate data during a procurement transformation 👇 The full webinar featuring Cyrille Desbazeille, Alex Jennings (FCIPS) , Harold Hendrickx and Rasa Raoufi can be watched here: https://lnkd.in/eFuZ72sS Mithra-Ai Solutions enables procurement teams to develop their own capability to craft a meaningful spend taxonomy for category managers, to auto-classify, enrich & maintain their disparate spend data to have more data-backed discussions and decisions. As Cyrille indicates, you don't want your suppliers to know more about you on what you are spending.   ❌ Avoid having endless discussions based on inaccurate data! More about Mithra-Ai Solutions at www.mithra-ai.com   #procurement #dataharmonization #spendanalytics #machinelearning

ProcureCon #EU 2023 is only seven weeks away, and together with ProcureScape, the official content partner, we'd like to share the European Playbook so you can start warming up. What is the biggest trend for supply chain analytics over the next 12 months? Learn from 100 #ChiefProcurementOfficers and similar across Europe to find out about the challenges they are facing and the innovative solutions being brought to the table. Want to learn how to achieve a holistic assessment of the supply chain? Download the full report to learn more about: 🎯 Using Data Analytics to Drive Decision Making Efficiently 🎯 Optimising Sustainability in Procurement 🎯 Demonstrating the Value of Procurement as a Critical Strategic Partner ProcureCon Europe’s 2023 European playbook is now live and available for free download 👇 https://lnkd.in/e3B-JgbG #procurement #procurecon #supplychain #procurementexcellence

After an amazing week at Procurement Leaders | A World 50 Group Community #PLAPC in Miami, we're still reflecting on the main takeaway from each conversation we had: the importance of supplier data. This new report from Spend Matters highlights why data continues to be a problem for procurement, the implications of poor supplier data, and how to improve your organization's supplier data quality. Read the report: https://hubs.la/Q02rtNCm0 #Procurement #SupplierData #SupplyChain #AIinProcurement #DigitalTransformation

Our partner OJC Conseil has the pleasure of inviting you to The OJC Café on November 7 in Rockville Maryland. The theme of the event is, "Improve procurement management with data-driven decisions and Ivalua's Procurement Business Intelligence." In today's competitive business landscape, effective procurement management is indeed essential for success. Leveraging data-driven decisions through platform design revolutionizes how organizations approach procurement. Want to attend? Register here: https://lnkd.in/eX_6MSdq Olivier JULLIAN Emma LEJALÉ Alexander Rembecki Yasmine B. #LoveProcurement #SupplyChain #Data

Last month, our team headed to Miami🌴 for Procurement Leaders | A World 50 Group Community Americas Procurement Congress. Our Founder and CEO Stephany Lapierre took the stage with Freddie Mac's William E. Bagley to discuss the importance of supplier data in procurement's digital transformation. Our latest blog recaps their conversation and sums up the top 5️⃣ reasons to focus on your supplier data. ➡️Read it here: https://hubs.la/Q02tlmT90 #PLAPC #SupplierData #Procurement #DigitalTransformation