![]() ![]() In recent years, professional BI solutions augmented the procurement department by bringing accessibility, artificial intelligence, and real-time monitoring into the hands of professionals that have struggled to manage massive volumes of data. ![]() Traditionally, technical tools and analysis were done using static spreadsheets and presentations but today, we can see how the next, AI-powered generation enables managers and professionals to quickly combine data sources, access the information stored on the cloud (or, in some instances, on-premise), and completely transform the analysis process through powerful Software-as-a-Service (SaaS) solutions.ĭifferent types of businesses need different procurement data analysis processes in order to meet the company’s goals and objectives. The advancements in technology have found its applications into the procurement function and it enabled professionals to use structured and unstructured data, predictive analytics, key performance indicators, and colossal volume of information as a business advantage.
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