What CPOs Need to Know About Big Data to Become a Valued Business Partner

How top procurement organizations make the most of the big data

The road to improving procurement's performance runs directly through big data. As the role of procurement evolves from transactional facilitator to trusted business advisor, mastery of the new generation of analytics ("Big data") will become a key enabler. While executives are demanding more sophisticated insights from procurement, significant barriers exist.

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The Hackett Group helps companies significantly improve the efficiency and effectiveness of their organizations. We objectively measure business performance and provide fact-based transformation plans for achieving and sustaining world class, based on data and analysis from more than 11,000 benchmarks. For the typical Global 1000 company, this could mean as much $302 million in cost savings and more than $3.2 billion in working capital.

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