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 Given the generic nature of most data, procurement specialists are needed to weed out what's irrelevant, outdated or overly biased.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 managers 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.

Customized procurement intelligence is needed to alter 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.

Intelligence Sources

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.

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.