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With Spendkey, pharmaceuticals can observe dependency on key suppliers by determining the level of dealings with them. The in-depth spend analysis which Spendkey provides helps pharmaceuticals to advance their risk management strategies.

AI in procurement has increased the speed at which data can be collected, analysed and utiliszed to create meaningful insights and make informed decisions

Before we go into the core topic of this article, it is important to ensure that we all have the same understanding of the meaning of spend analytics.