Procurement analytics has evolved significantly since voluminous spreadsheets were used to crunch category, spend and vendor data; so much so that the future of procurement as a function hinges on analytics. It can drive better demand forecasts, spend consolidation, improved visibility into supplier quality levels and higher accuracy in predicting supplier conformance. Essentially deliver value through the right governance and insights for an internal procurement group.

Valforma’s Advisory Services focus on understanding the analytics opportunity in the client’s procurement data and function and advice on the right tools to improve the effectiveness of spend analytics for their sourcing roadmap.