Pareto, ProcureVue, and Your “Vital Few”

The Pareto Principle undergirds any chart, table, or graph visually depicting priorities by their potential impact. 

The Pareto Principle is based on the premise that 80% of outcomes are derived from 20% of contributors. Assuming this is true, imagine the impact on your business by quickly identifying the top 20% of issues needing your attention. At ProcureVue^TM, we empower you to do just that, whether looking at the regional level or drilling down to specific suppliers, locations, or products. Our analytics team ensures you have instant access to the critical information required to quickly identify the areas that will give you maximum impact. In two weeks, ProcureVue^TM will release its whitepaper delving into the history and anecdotal evidence supporting the principle, examine the types of charts that bear the Pareto name, and delve deeper into how we can help you to identify and stay on top of your “vital few.”