Outlier detection within procurement

Our solution

Anomaly Detection

Identify cost-savings with Data science

One of our clients wanted to investigate their own internal procurement spend to uncover savings opportunities, process deviations and possible fraud.

By slicing and dicing the procurement data in a smart way first improvements were detected, while anomaly detection algorithms were put in place to detect more complex process deviations and possible fraudulent behaviour.

In the end, the ROI was huge as efficiency gains were found for 4% of the total procurement spend.