Taking Procurement to the Next Level with Predictive Analytics

Predictive procurement orchestration (PPO) is the practice of integrating historical purchasing patterns and market data with game theory, machine learning, and behavioral science data to generate total cost predictions that can be autonomously shared with suppliers to quickly determine mutually beneficial pricing and commercial terms. PPO ranks and learns from optimal purchasing decisions to apply category insights and best practices regarding supplier relationships and total cost of ownership (TCO) to more spend, resulting in improved supplier engagement and more performant and resilient supply networks.