Many purchasing managers and CFOs of midsize enterprises (MSEs) are interested in generating more insights from their purchasing data. However, the path to set up a professional procurement analytics solution and the associated workload is often unclear. With this guide, we aim to provide you with an overview of how to successfully implement procurement analytics in a purchasing organization. You will find information on the individual implementation steps as well as the implementation efforts which are likely to incur.
In this paper, we will discuss the qualities of the following options for procurement analytics:
• Business Intelligence (Self-Service)
• Microsoft Excel
• Software solutions of external suppliers (e.g., SCALUE®)