Requis Analytics: Procurement Intelligence

As data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. 

Data has long been a problem for procurement, with 97% of Dun and Bradstreet survey respondents indicating that supplier data management is an area of struggle for their teams. The same survey shows that “nearly 25% of respondents [feel] inconsistent or inaccurate data is one of their biggest challenges to operational efficiency.” 

This is because procurement data is often scattered across multiple systems and sources, making it difficult to access and analyze. Additionally, the data may be inconsistent or inaccurate, leading to poor decision-making. 

Requis aims to solve procurement’s data problem by delivering data visualization and improving data integrity across your entire business.