Procurement data analysis has thus far focussed on historical information. In the future, procurement will be able to focus on more forward-looking analyses that are predictive. This will allow procurement to determine ahead of time where supplier defects are most likely to occur, and which parts of a supplier's processes are most likely to negatively affect the end-user.
Predictive information is already used by on-line communities such as eBay and Amazon. This information tells us how a seller is likely to behave based onPTAst behavior and which books we are likely to enjoy, based on the choices of others who share our likes.
Adapted from VISION 2020: Ideas for Procurement in 2020 by Industry Leading Procurement Executives http://bit.ly/kIwoW3
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