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Make better purchasing decisions with insight into your data

November 18, 2022

Between clarity and confusion, between insight and confusion, lies data.

Entegra’s Vice President of Data Management and Digital Solutions, North America, Adrian Cox is leading the effort to bring the best-in-class digital reporting and management tools to Entegra clients. In this month’s short Q&A interview, Cox shared his perspective on how you can leverage your data to make better purchasing decisions.

Question: What stories can data tell? What should businesses be looking for when reviewing monthly dashboards?

Answer: The right data can be a very powerful tool in managing a business. Most people don’t go into the hospitality business to stare at spreadsheets; you're in the people business. You’re bringing memories and experiences to customers. We get that.

The right data, presented in an easy-to-digest format, can help people do more of what they love. If you have multiple locations and one is overspending on proteins, it would be great to understand why on a granular level. What’s driving behavior? The answers can lead you to make significant operational improvements.

Data speaks volumes about not only what you’re buying, but whether you’re maximizing your contract, whether there are suitable alternative products and services that are comparable and less expensive. When you have spend visibility, through a tool like Entegra Purchasing IQ, you have insights for benchmarking. You can identify trends for what you’re using and work with an Entegra advisor to identify larger market trends. So, the next question then becomes, what should I be using my budget on?

Question: How is Entegra bringing forward the next generation of reporting tools? And what will these tools allow businesses to do better or differently than they’re doing today?

Answer: We’re building a one-stop platform so you can do all your GPO purchasing and data analysis. Reporting and transparency are key to procurement professionals achieving their savings goals and this new tool will allow businesses to generate real-time reports, drill down for additional info and apply filters to create views just for your needs.

This is an exciting time. We can’t wait to share more about how Entegra’s data tools will become even more central to creating efficiencies in your business. This is truly the starting point of a new journey. We’ll be able to add functionality to this platform for years to come to help clients stay ahead of changes. Ideally, we want you to be able to not just see what's happening across your organization today but to make good choices based on current info and AI-based insights. But, more to come on that in the future.

If you’re not working with a GPO that can provide you with the level of insights and transparency into your spending that you need, I encourage you to explore not just a purchasing partner, but a full-service relationship that can help you optimize savings and grow your business.

Call us at 833-977-1765 or contact us to get more information about putting Entegra’s purchasing power to work for you.

November 18, 2022

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