Current Situation
Sourcing decisions are made based on historical pricing, due diligence, supplier delivery capabilities, and forecast product demand.
Goals and Objectives
Predictive pricing takes input from a variety of data sources and market conditions to apply a predictive element to future price movement to drive true intelligent sourcing decision support.
Technology Deployed
Enterprise hardware, personal devices, cloud, big data/analytics, mobile, applications, connectivity services, cognitive, next-generation security
Use Case Summary
Sourcing decisions are made with intelligence that provides a view to expected future pricing, utilizing intelligence that considers the supply base, geographic influences, global events, and market conditions.