Gain immediate clarity: strengthen procurement with big data
Realize procurement savings by intelligently integrating and analyzing internal and external data sources
better price performance
better pricing through an optimized negotiation position
savings on individual parts
As digitalization, IoT connectivity, and AI integration progress, the number of data sources, the volume of available data, and its complexity are rapidly increasing. Companies need advanced expertise in data science to extract valuable and actionable insights from this growing data trove.
One area with significant potential in this regard is procurement. The frequent lack of integration between internal information from supply chain management and external data like raw material prices and currency exchange rates leads to fragmented data and labor-intensive manual processes. It is challenging for procurement teams to identify savings opportunities or gain insights to make better purchasing decisions.
EFESO’s ‘Procurement Spend Cube Analytics’ allows data across the entire organization to be consolidated, validated, structured, enriched with external sources, and analyzed. Comprehensive analyses – including price trends, currency effects, and local factors – unlock immediate savings potential on individual parts, new negotiation levers, and complete transparency.
