Intelligence can only be gleaned from relevant, timely information. Without a filtering mechanism, data overload can quickly become a problem due to the massive amounts of information available through category-specific websites, trade journals and specialized publications. Given the generic nature of most data, procurement professionals are needed to weed out what's irrelevant, outdated or overly biased.
Currently, commercial operations are severely affected by market volatility and in many categories, procurement professionals have to contend with monopolistic or oligopolistic situations. In order to sustain a competitive advantage, it's critical to have access to real time, pro-active information on the cost and market dynamics of raw materials, indirect spend, energy and logistics. To mitigate supply risks, organizations also need early warnings of any potential problems.
Beroe acts as an extension of your procurement office, offering deep expertise and comprehensive resources within our primary industries. This allows us to provide robust, predictive, real time procurement intelligence and insights.
Customized procurement and supply market intelligence is needed to manage the dynamics of the value chain. By reducing the time spent on information gathering and analysis,
more time can be allocated to strategic sourcing, shifting your organization's emphasis from "cost-cutting" to "value adding."
When presented with market research (prepared by the sales departments of suppliers), CPOs tend to be at a disadvantage due to the overwhelming amounts of data at the sales team's disposal. In fact, sales organizations typically outspend procurement departments by a factor of 500:1. Beroe puts the advantage of relevant, deep-rooted market intelligence back into the hands of CPOs, allowing them to make more holistic and unbiased decisions.
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations.
Following data collation, analysis and strategic review, a customized Final Research Report is produced according to the client's specific needs.
Beroe is unique in its emphasis on domain expertise and multiple, impartial sources of information. With 67 different domains, our intelligence covers over 95% of our client's spend categories. By providing unbiased information, our clients as well as suppliers benefit from shorter engagement cycles.
Each client project is assigned to a domain specialist, as opposed to a team of generalists. This domain-focused team approach results in quicker turnaround times for research projects.
Ready-to-use tools, including our proprietary dashboards and internet portal, help expedite deployment.
In collaboration with Chandrasekar Koneru, Assistant manager – content Market intelligence enables procurement organizations to play a s ...
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