Uncovering potential with advanced analytics

Creating transparency is one of the essential foundations for efficient cost management and the identification of opportunities for price and CO2 reductions. That is whyFor this reason data harmonisation and analysis are at the top of the agenda for procurement and SCM executives.

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The INVERTO Value Finder

With INVERTO ValueFinder, we have digitally revolutionized this capability: with the help of advanced analytics, it is now possible to analyze and visualize significantly larger amounts of data – even with several million data points – and complex structures almost in real time. This helps us to develop new approaches to cost efficiency even in mature procurement organizations, such as in the automotive industry or in retail.

With the ValueFinder, it is possible to calculate and present vividly with the support of AI-based charts  improvement opportunities prioritized by impact in short time.

Key statements about which measures promise the greatest impact can be realized within a few days.

More than 200 of our consultants are now trained in the use of our advanced analytics solution. In addition, we have built up our own Data & Insights team. In this unique combination, new application scenarios  emerge with every project. Our internal knowledge management ensures that our consulting staff is  kept up to date on innovative solutions and best practices.

 

Icon - Functionality of the INVERTO Value Finder

Functionality of the INVERTO Value Finder

Data-driven analysis offers new potential for optimizing expenditures and improving processes – both for direct and indirect spend. INVERTO is constantly developing new application scenarios for the ValueFinder in order to offer you customized solutions for your  particular industry and challenges.

Some recent project examples include: logistics analytics, IT services performance, retail goods, payment terms, inventory optimizationraw materials.

 

Successful Transformation in Procurement

Today, the question is no longer whether a company is digitalizing it`s processes, but how and how fast. Digitalization makes companies more efficient and helps them to effectively achieve their goals. This transformation is always an individual development process, adapted to the respective needs and capabilities of the company.

To achieve optimum results, the right digitalization strategy is derived from the corporate strategy and then scaled down to the particular functions. Companies have to decide individually which steps will be placed on the digital agenda and in what order they will be tackled.

The first step is to clarify what services a department contributes to the company’s overall result and what resources it needs to fulfil its tasks as effectively as possible. In this way, the first steps of the digital transformation can be taken successfully. Our digital procurement navigator allows our clients to systematically, yet quickly assess their current digital maturity level and to define its individual aspirations for the future.

With the help of the INVERTO you will be able to:

  • Compare prices, delivery conditions and transaction costs worldwide
  • Track and compare price developments over years
  • Integrate external data sources, for example to monitor the seasonal price development of listed commodities
  • Display freight means, volumes and routes
  • Measure KPIs and savings, trends and performance on a regular basis

The knowledge acquired helps to: Prepare price negotiations and determine the ideal time to buy and optimise inventories and reduce logistics costs. 

 

Our analytics experts

Philipp Polterauer

Digital Solutions

philipp.polterauer@inverto.com Contact
 

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