DATA-DRIVEN PROCUREMENT: LEVERAGING PEOPLE, PROCESSES & TECHNOLOGY

ResMed’s Director of Procurement operations, Ama-Aidoo Sam, on how to use data to clarify and organise procurement across the board

WRITTEN BY: ILKHAN OZSEVIM

To work efficiently and make effective, informed decisions, procurement professionals rely heavily on data analytics. Insights from data analysis can be used in sourcing to select the supplier best suited to meet the requirements of the organisation.

In supplier management, having performance-related data means proactive management of suppliers to the contractual terms and being able to identify suppliers that are not performing and managing them. Access to risk data means awareness of issues that may impact compliance, quality, or lead to disruptions across the supplier