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It is a brilliant tool.” At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. The solution breaks down spending by categories and derives “new subcategories that we didn’t know even existed. My advice,” he concluded, “is just jump in.
Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. In such cases, the design process can often be kept relatively simple, demanding less time and requiring less sophistication in the tools used. Getting Complicated?
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