Blog articles by Praachi Verma

You've all heard about procurement analytics and the enormous gains it can bring to your company. You also know how important it's to acquire data analytics skills and bring them into your decision-making for being an efficient leader. Still, there's something that blocks you from taking that first step towards your procurement analytics journey. If it's so, then you're in good company. This article will share procurement expert Kjetil Istad's views on what straightforward steps leaders can take to substantially outperform their industry and competitors.

The procurement industry is undergoing a rapid transformation. Once considered a laggard in the race to digital, the industry is evolving into a strategic function that's driven entirely by data and insights. While data is crucial to driving these transformations, bad, unorganized, or dirty data is considered no lesser than a bane for the procurement industry.