The procurement team responsible for purchasing IT equipment were processing billions of pound worth of orders per year, however they often struggled to:
- Categorise the spending into appropriate level of details
- Negotiate saving opportunities with the suppliers due to inaccuracy of the data categorisation
It was vital for the team to have complete and accurate spend categorisation for orders completed, Our Data Science experts used Text Analytics and Machine Learning to auto-categorise spending based on the historical data in the client database.
Complete categorisation enabled the procurement team to:
- Have better overview of spending in more granular level
- Identify saving opportunities with suppliers in each category
Do you struggle to accurately categorise your company earnings and spendings?
Our professional consultants are here to implement and deliver similar projects for your organisation, contact us today to start.