Procurement Analytics: Meaning, Types and Key Benefits

What Is Procurement Analytics?

Procurement analytics is the use of data to improve sourcing, spending, supplier management and performance visibility.

It transforms procurement from reactive to strategic and insight-led.

Types of Procurement Analytics

  • Descriptive – What happened (spend reports, supplier scorecards)
  • Diagnostic – Why it happened (variance analysis, category drivers)
  • Predictive – What will happen (demand forecasting, risk scoring)
  • Prescriptive – What to do next (sourcing recommendations, alerts)
Procurement-Analytics-types
Procurement-Analytics-Values

Use Cases That Drive Value

  • Tail spend classification and reduction
  • Supplier performance benchmarking
  • ESG and compliance tracking
  • Dynamic savings tracking dashboards

Dashboards vs. Decision Enablement

Dashboards are just the beginning.
The real value is:

Procurement-Analytics-icon-1

Fast time-to-insight

Procurement-Analytics-icon-2

Integration with sourcing and contracting

Procurement-Analytics-icon-3

Alerts, nudges and recommended actions

How WNS Does Analytics Differently
We combine:

Procurement-Analytics-icon-4

Data engineering + cleansing

Procurement-Analytics-icon-1

Procurement domain models

Procurement-Analytics-icon-2

Platform-based dashboards

Procurement-Analytics-icon-3

Analysts that explain and act, not just report

See the Value of Analytics

Download: Procurement Data ROI Calculator
Talk to a Procurement Analytics Expert
Back to Pillar: Digital Procurement Transformation