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.
Find cost saving opportunities with insights into total spend by supplier, costs per product across suppliers, minimum unit cost possible, and more.
Discover whether you are at risk due to regional events, such as new tariffs, so you can predict the impact on your bottom line.
Manage inventory and impact on downstream operations more efficiently by determining which suppliers are leaders and laggards for timeliness and quality of delivery.
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 how innovative organizations are incorporating cloud technologies into their analytics strategies to get a 360 degree view of their customers and products.
See how ThoughtSpot Embrace lets you run queries directly in your Synapse cloud data warehouse to give you the most up-to-date insights.