The Evolution of Procurement

We are excited to share our new video “The Evolution of Procurement.” A fun short about how we began and how we’ve arrived in the context of historical procurement and business analytics.

Modern procurement practices are value-adding, and the focus has broadened over time to cover indirect as well as direct expenditures, moving towards supplier-driven innovations with the key leaders in their organizations at the helm. As the volume of information available increases and the ability to capture data across multiple systems becomes more daunting, data management has never been more important.  

And that’s where we are now, in the middle of a total industry shift to advanced software solutions that provide the edge needed in today’s fast-paced global economy. At ProcureVue™, we see procurement heading further into automated technologies, with a heightened focus on data-driven decisions and supplier-buyer collaboration. There’s plenty of opportunity for innovation but we believe the single outlier that provides the most insight is A.I. software technology, matched with a team of procurement professionals that close the gap between machine learning and human intuition.

Our proprietary software helps you to quickly analyze your spend data, which in turn can identify and unlock savings opportunities and improve business processes. Our flexible, hybrid approach, combining our software with on-demand support from our team of consultants, enables our clients to maximize their profits and return on investment.

Procurement has grown from a background process to a front-facing science – and that’s where we come in….