It’s time to move beyond calculating savings to creating a valuable impact.
“The procurement industry has long assumed that spend cubes are vitally important and that not having one is heresy. Making matters worse, spend cubes have become axiomatic to procurement analytics,” says authors Elouise Epstein, Stephen Easton and TZ Shen from A.T. Kearney.
In this Insights procurement article, the industry professionals explain that spend cubes are mildly useful but do not embody the full power and potential of procurement analytics. They detail why it is essential to redefine and reimagine the goal of analytics by taking a step back and defining good procurement analytics and the value it delivers.