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Big Data in Procurement

Unlocking Big Value in better sourcing, process efficiency, and agility of procurement

By Patrick Sauter
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The terms "Big Data" and "Advanced Analytics" have become buzzwords in many business fields. For procurement organizations, Big Data can deliver significant business value by uncovering previously unknown interrelations among supplier and economic data. This paper discusses potential benefits from applying Advanced Analytics methods to procurement and offers a practical prototyping and implementation approach.

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