BEROE
and Beroe is on hand to provide coverage across 15 industries , including around 2,800 categories of direct and indirect spend .
“ All of those datasets are what we have collected and organised in a digital model with Beroe LiVE . Ai ,” Vel adds . “ Companies can easily access and link data to these two key workflows , whether it ’ s the strategy development or execution aspect .”
From analogue to digital Plenty has changed in the procurement and supply chain space since Beroe was founded more than 17 years ago , with the sheer pace of decision-making surely topping the list . Vel highlights that , when the business was established , the average procurement organisation was taking almost a year to understand the market , obtain internal feedback and build out a category strategy .
Now , he estimates the typical timeframe to be less than two months and , in fact , the pressure is to push things further to the point where strategies are updated in close to real-time .
“ There ’ s definitely an increased expectation of velocity ,” Vel goes on . “ How we ’ ve responded at Beroe is to change our approach , delivery model and business model almost completely from where we started .”
For the first decade of its existence , Beroe would custom-build research for each individual customer .
56 June 2024