QA_PN13.How do you use data and analytics in your procurement negotiation process?

Title: Powering Negotiations with Data: The Role of Analytics in Procurement
Unlock the potential of data and analytics in procurement negotiations with this enlightening episode from our "Procurement Negotiations" series. Discover how a procurement expert leverages data-driven insights to enhance negotiation strategies, make informed decisions, and secure optimal contract terms. This video delves into the practical applications of analytics in procurement, from market analysis to cost modeling, showcasing how data can be a game-changer in negotiations.
Key insights include:
• The importance of data and analytics in modern procurement strategies.
• Techniques for collecting and analyzing data to prepare for negotiations.
• How to use market trends, pricing data, and supplier performance metrics to your advantage.
• Strategies for presenting data in negotiations to support your arguments.
• Real-world examples of successful data-driven negotiations.
Who should watch:
• Procurement and supply chain professionals aiming to incorporate data into their negotiation processes.
• Business owners and managers looking to understand the value of analytics in procurement.
• Contract managers and legal advisors interested in leveraging data for better contract terms.
• Students and academics studying business, supply chain management, or data analytics.
• Anyone curious about the intersection of data analytics and procurement negotiations.
Be sure to like, share, and subscribe for more insights into leveraging technology and data in procurement and beyond. Your engagement helps us continue to provide valuable content that empowers professionals to stay ahead in the fast-evolving business landscape.
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