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Predictive procurement is not a new idea, but it is now seeing rapid adoption across large enterprises due to its powerful playbook for digital transformation. “Predictive procurement” simply refers to the practice of setting cost targets, prioritizing projects based on business impact and continuously improving the speed and win-rate of every operational cycle over time.
Many CPOs now see implementing predictive procurement (sometimes called “Procurement Operations”, “Process Improvement” or even a “Center of Excellence”) as aligned with overall digital transformation goals of reducing manual work to free up time for delivering on strategic objectives around value creation and cost reduction.
Materne CPO Mathieu Pappalardo’s team has demonstrated the success of this approach across a diverse range of procurement categories. In this webinar, we’ll discuss the topic with Mathieu Pappalardo as well as Edmund Zagorin, founder and CEO of Bid Ops, and guest Duncan Jones, Vice President and Principal Analyst at Forrester. Panelists will share best practices for predictive procurement excellence and what the future of pricing simulations mean for digital procurement.