Procurement executives now have access to world-class executive and operational research, critical market intelligence and competitor benchmarking following the launch of the Procurement Intelligence Unit.
The PIU, launched by Sigaria earlier this year, is a vendor-free membership community that provides a single destination for understanding the market conditions, best practices, cross-industry approaches and hot topics in procurement from all corners of the world.
With some of the largest companies in the world already signed up as chartered members, the PIU promises to differentiate leading companies from followers and help strategic sourcing executives make better decisions in innovative areas such as supply chain finance and demand management.
Mark Perera, chief executive of the PIU, explained just how crucial market intelligence is. “One of our clients experienced a rate of inflation in one of its commodities of 1100% in a single year,” he said. “Proper intelligence allows you to prepare for such events.”