Transforming procurement: The advanced analytics way
This ProSource edition discusses the importance of advanced analytics in revolutionising procurement through better strategies, minimal risk, improved savings, and intelligent insights.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 100 people and managing a little over $500M of spend - we surely have come a long way. I'm full of gratitude to our team, customers, investors - and everyone who ever believed in us.
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Procurement Insights
📝Disrupting procurement through analytics
With vast quantities of data at their disposal, and tools that can turn information into valuable insights, now is the time for procurement functions to harness analytics and exponentially increase the value they deliver to the business.
📈How analytics can fuel digital transformation
There has never been a better time to be a procurement leader driving digital transformation. As the pace of development is accelerating, one area of opportunity in analytics is the concept of a procurement data hub.
📊Advanced analytics: Ushering in new era of procurement
Given the exponential value that they deliver, the procurement analytics market is expected to grow from $1.6 billion in 2018 to $5.6 billion by 2025. The use of advanced analytics can provide better visibility to procurement teams across all functions.
💰Why do businesses need procurement spend analytics?
Applying spend analytics to the procurement function can help an organisation find a better balance between cost and speed, and use the resulting understanding to make better decisions throughout the crisis and beyond.
Events
💵Financial Solutions to Enhance your Supplier Ecosystem
by Procurement Leaders and CITI | September 28, 2022
Registration Link
⚡️Supply Chain Resiliency : Thriving in the Age of Disruption
by Moody’s Analytics | October 12, 2022
Registration Link
💊Global Pharma Logistics Summit
by Indian Transport & Logistics News | October 13, 2022
Registration Link
🛠8th India Construction Festival 2022
by First Construction Council | October 14, 2022
Registration Link
💡Managing Supply Chain Risk in a Changing Market Landscape
by Procurement Leaders and Dun & Bradstreet | October 25, 2022
Registration Link
Job Opportunities
Specialist - GBS Procurement at Flex
Location - Chennai, India
Link to the Job
Consultant, Strategic Sourcing at ANSR
Location - Gurugram, India
Link to the Job
Procurement Manager at DrinkPrime
Location - Bengaluru, India
Link to the Job
Procurement Specialist at NTT Ltd
Location - Bengaluru, India
Link to the Job
Purchasing Specialist at Bechtel Corporation
Location - Vadodara, India
Link to the Job
Project Lead- Sourcing at Walmart Global Tech India
Location - Gurugram, India
Link to the Job
Procurement Lead - Non Perishables at Dunzo
Location - Pune, India
Link to the Job
Brief introduction
Hi, I am Gaurav Baheti, the CEO of Procol. We help companies transform their procurement process to deliver higher cost savings, reduce turnaround times, and improve visibility. We currently work with 70+ enterprises and manage $500M+ spend.
This is our weekly newsletter where we share crisp insights, hottest jobs, and exciting events in procurement globally.
Ping me at gaurav@procol.in to chat or connect on LinkedIn.