Remove Knowledge Base Remove Predictive Analytics Remove Sourcing Remove Warehousing
article thumbnail

Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

Procurement analysis consists of collecting and reviewing historical data to evaluate past performance , on-the-go data mining to assess the current state and predict threats and opportunities for the future, and using all of this to make fact-based decisions. Types of Procurement Analytics. From whom are we buying?

article thumbnail

Cognitive Computing as a New Power in Business

Enterra Insights

In his 1597 Meditationes Sacrae , Sir Francis Bacon penned the phrase “ipsa scientia potestas est,” which means “knowledge itself is power.” As humankind’s knowledge base has grown, keeping up with new knowledge has proved extremely difficult. established knowledge).