The Datapred blog

On machine learning, time series and how to use them.

Staying ahead of procurement change

on Dec 11, 2020 5:00:50 PM By | Datapred | 0 Comments | machine learning procurement raw materials direct materials technology
It’s getting harder for even the most experienced direct procurement teams to buy with confidence. Traditional ERP and BI systems can’t keep pace with the demands of modern procurement. Experts say digital technology will redefine the procurement function – enhancing human expertise, rather than replacing it.
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5 findings about contextual data and raw material price analysis

For obvious reasons, raw material price volatility has increased in 2020 - and we have been monitoring that closely. Datapred uses both price history and contextual data for raw material market analysis and price prediction, and as this year draws to a close, we would like to share five findings about the power of contextual data for understanding raw material prices.  
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Datapred named a Cool Vendor in Sourcing & Procurement Applications

Cool Vendor reports include vendors that are interesting, new, and innovative.
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Direct material procurement: beating the market is not the point

Datapred's machine learning software for direct material procurement helps companies save 3-5% off their commodity, energy and raw material costs year over year, through a unique combination of price predictions and constraint optimization.
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