ProcureTech x LevaData Decision Intelligence in Procurement 25th May 2023

This discussion between Lance Younger, Dr. Elouise Epsteen, Keith Hartley, and Fulden Sener is about empowering your sourcing teams with decision intelligence in procurement and focus on ESG management to advance procurement technology. This video highlights the importance of decision intelligence tools, ESG management, data quality, AI integration, and revisiting procurement models in procurement decision-making.

ProcureTech x LevaData Decision Intelligence in Procurement 25th May 2023

HostLance Younger, CEO of ProcureTech, was joined by Dr Elouise Epstein, Partner at Kearney; Fulden Sener, Former Procurement Director at BT Sourced; and KeithHartley, CEO of LevaData, where they discussed the findings from its upcoming whitepaper and how such decision intelligence tools are transforming – and will continue to influence – the way sourcing and procurement teams operate.

What Key Findings Did We Uncover in Our Research?

When it comes to leading procurement teams:

• 100% said that data-driven decision intelligence based on procurement analytics has positively impacted their ability to react to rapid market changes.

• 89%: data-driven decision intelligence has enabled improved value leakage and compliance.

• 100% said decision intelligence has allowed procurement leaders to have greater credibility with business stakeholders through AI-based procurement technology.

• 100% say data intelligence is important to third-party risk management.

• 89% class defining data quality and availability measures as a ‘very important data management adoption challenge, which needs to be addressed’.‍

• 67%: implementing necessary data protection measures and establishing effective data governance processes are two other key challenges, classed as‘very important’.

Want to learn more about implementing decision intelligence in procurement strategies?

Learn how AI integration enhances procurement technology and why periodically reassessing procurement models is vital for staying agile and responsive. Contact us today for a walkthrough of LevaData's platform features and ask about our free trial to experience the power of decision intelligence firsthand.