We’ve participated in hundreds of negotiations with suppliers over the years, which has provided us with valuable insights into how to ensure a successful renegotiation process.
In this article, we share four top tips on how to secure sustainable, long-term results from your supplier renegotiations.
DataKITE is a business intelligence (BI) tool that can help your procurement department to improve efficiency, reduce costs, and make better decisions. DataKITE Power BI can be used to collect, analyze, and visualise data from a variety of sources, including i2B or any other procurement systems, e-catalogs, and supplier websites. This data can then be used to create reports and dashboards that provide insights into procurement performance.
How DataKITE Power BI Uses AI to Enhance Data Analysis
DataKITE and Microsoft Power BI is a powerful business intelligence (BI) platform that helps users analyze data and create interactive reports. In recent years, Microsoft has been adding AI capabilities to Power BI to make it even more powerful and user-friendly.
Here are some of the ways that DataKITE and Power BI uses AI:
These are just a few of the ways that Power BI uses AI to enhance data analysis. As AI technology continues to develop, we can expect to see even more powerful and innovative AI features in Power BI in the future.
Spend analysis involves identifying, gathering, cleansing, categorising, grouping, and analysing the spend data of your organisation. As a result, procurement costs are reduced and efficiencies are improved by increasing visibility and transparency. Real-time data and analytics provide the insight you need to save money and improve efficiency.
An analysis of spend is only part of the much larger field of spend management. With it, you can visualize all your data to make better sourcing and supplier decisions. Also, it can reduce cycle times and identify maverick spending as well as improve contract compliance.
Power BI is a powerful business intelligence (BI) tool that can help organizations of all sizes to make better decisions based on data. Power BI can be used to collect, analyze, and visualize data from a variety of sources, and it offers a wide range of features and functionality.
There are two main ways to deploy Power BI: as a software as a service (SaaS) solution or as a licensed solution. DataKITE Power BI SaaS solutions are hosted and managed by DataKITE using Microsoft embedded technologies on Azure, while licensed solutions are installed and managed by Microsoft licences, typically in-house.
No IT support, coding skills, or credit card required.
Many companies spend money to ensure their customers receive the best quality product or service. The hidden costs are often overlooked. Spend analytics tools measure how much money companies spend on procuring products and services.
Some companies are already (or are planning to) invest in a spend analytics tool in order to manage their spend, but due to a lack of knowledge, many are realising the true value of spend analytics.
Here are some of the benefits to help you understand what spend analytics can bring to your organisation.
Analysing your company’s spend structure is often the first step towards building a data-driven procurement organisation. The challenge for companies that have jumped on the analytics bandwagon is translating analytics into fact-based actions that enable procurement savings. In this article, we’ll discuss some promising cost-reduction strategies enabled by analytics that can help grow your procurement savings exponentially.
The purchase to pay and supplier onboarding experts at i2B announced the acquisition of DataKITE.
DataKITE solutions cover the procurement lifecycle, including spend analytics, savings project tracking, supplier scorecards and daily procurement management.
Having poor quality data is arguably as bad as having no data at all. To put it simply: if you put rubbish in, then you’re going to get rubbish out. It’s time to change that.
