Orpheus, by McKinsey, Named Global Leader in Buying Analytics by Industry Analysts, Reaching #1 in Spend Matters Reviews
MUNICH, June 27, 2022 /PRNewswire/ — Orpheus, a McKinsey company, has been named a Global Leader in Procurement Analytics Solutions by Spend Matters for its advanced features, ability to manage complex deployment, and offering global service and support across a variety of areas including sourcing and category management. Orpheus’ software, which helps organizations optimize external spend across their operations by analyzing purchase data streams, received the highest analyst rating among all Spend Analytics SolutionMap participants .
“We see through the clients we work with – and we have been confirmed by many leaders we met at the World Procurement Congress – that risk and exposure management, inflation response and sustainability are collective challenges today and will shape shopping in the future,” Björn said. –Uwe MercerMcKinsey partner based in Munich. “Organizations seek insights that can help position the procurement function as a source of competitive advantage. We’ve seen how Orpheus and its roadmap create impactful solutions to address these challenges. This, in turn, can generate meaningful returns to the bottom line and accelerate environmental sustainability efforts, which is reinforced by recognition as a solution leader by Spend Matters.”
With 69% of purchasing managers saying that digital and analytics solutions are increasingly useful to purchasing functions, the need for innovative solutions was at the center of attention at the World Purchasing Congress, in London Last week. Bringing together leaders from around the world, the summit focused on challenges facing the global business community, with an emphasis on accelerating environmental sustainability and operational resilience goals.
Orpheus is a modular platform that takes a service-centric approach to tailoring solutions to a company’s specific needs: from driving your savings and creating value to driving compliance or achieving sustainability goals. Orpheus combines service and software to uncover forward-looking, actionable insights by infusing best-in-class technology and AI-powered analytics, with deep sourcing and category sourcing market expertise that delivers impact on results and turnover.
For more information about Orpheus, a McKinsey company, visit https://www.mckinsey.com/business-functions/operations/how-we-help-clients/product-development-procurement/actionable-spend-insights-orpheus.
About McKinsey & Company
McKinsey is a global management consulting firm committed to helping organizations accelerate sustainable and inclusive growth. We work with private, public and social sector clients to solve complex problems and create positive change for all their stakeholders. We combine bold strategies and transformative technologies to help organizations innovate more sustainably, realize lasting performance gains, and build workforces that will thrive for this generation and the next.
Orpheus is a supply analytics solution from McKinsey that provides near real-time insight into your entire supply chain to enable resilience and identify and capture new value.
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SOURCE McKinsey & Company