One of procurement’s roles is to achieve cost savings while balancing the needs of the company. Predictive procurement starts with defining things like:
- What has to be true for the prediction to be accurate
- The level of confidence of the person making the prediction
- If something changes, is the prediction invalid?
Predicting cost savings isn’t easy. That’s why Edmund Zagorin leverages technology. Learn why you should invest in predictive procurement technology in this throwback episode of Negotiations Ninja.
Predicting and Achieving Cost-Savings in Procurement with Edmund Zagorin, Ep #277