With ThoughtSpot, procurement professionals can better manage their suppliers in order to lower costs, reduce supplier and location concentration risk, receive deliveries in a more timely manner, and improve quality - in seconds.
Example Search #1: Total Spend by Product Group and Supplier
Example Search #2: Unit Cost by Monthly Date Delivered and Supplier
Example Search #3: SpotIQ insights on Total Spend by Product
Get insights on the most granular data for a full perspective of a supplier’s performance to enable data-driven strategic sourcing and vendor negotiations.
Cost Efficiency
Find cost saving opportunities with insights into total spend by supplier, costs per product across suppliers, minimum unit cost possible, and more.
Risk Mitigation
Discover whether you are at risk due to regional events, such as new tariffs, so you can predict the impact on your bottom line.
Time Optimization
Manage inventory and impact on downstream operations more efficiently by determining which suppliers are leaders and laggards for timeliness and quality of delivery.
Quality Assurance
Identify patterns in ordered quantity versus rejected quality for a particular product or supplier so that you can align future purchasing and timing to strengthen overall quality.
Procurement professionals from the world’s leading brands use ThoughtSpot to uncover insights around cost, risk, timeliness, and quality, measure supplier performance, and better manage supplier relationships.
Learn about the technology behind SpotIQ and how it automatically spots hidden trends and patterns in data, learns what’s most important based on usage behavior, and delivers trusted and personalized insights.
What is search-driven analytics? Check out this overview of how it all works and see what ThoughtSpot can do for you.
ThoughtSpot is the Search & AI-driven Analytics platform for the enterprise. Anyone can use search to analyze company data in seconds and get automated insights when you need them.
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