Data-Driven Procurement - From data to value contribution

Introduction

Data-Driven Procurement - from data to value contribution is a key field of action for companies that want to strategically align their procurement, increase efficiency and minimize risks. Digitalization, automation and transparency are key success factors here.

What is Data-Driven Procurement - from data to value contribution?

Data-Driven Procurement - From Data to Value Creation describes methods, strategies and technologies that help to modernize procurement processes, optimize supplier relationships and make global supply chains more resilient. The focus is on data-based management, automation and sustainable value creation.

Relevance for companies

Global uncertainties, volatile markets and new ESG requirements pose new challenges for procurement. Those who implement data-driven procurement - from data to value contribution - correctly will strengthen competitiveness, reduce costs and increase security of supply.

Typical challenges

• Non-transparent processes & media disruptions
• Lack of digitalization & automation
• Reactive instead of strategic orientation
• Difficulties with supplier integration

Practical example

An industrial company implemented data-driven procurement - from data to value contribution as part of its digital roadmap. A cloud-based SRM system automated supplier processes, reduced risks and improved collaboration.

Our approach

1. Analysis of existing procurement processes
2. Tool selection & introduction (e.g. eProcurement, SRM, AI)
3. Process design & stakeholder involvement
4. Change management & training
5. Scaling & performance measurement

Conclusion

Data-Driven Procurement - from data to value contribution is a key competence of modern companies. Those who use digital technologies, automate processes intelligently and work in partnership with suppliers turn procurement into a real value driver.