Amazon Business launches Value Intelligence and procurement tools

Amazon Business has introduced Value Intelligence, a new tool designed to provide procurement professionals with a comprehensive view of cost savings, operational efficiency, and purchase compliance. The tool utilizes a company’s own Amazon Business data and incorporates independent third-party benchmarks to calculate these metrics.

According to Shelley Salomon, worldwide vice president of Amazon Business, the tool aims to shift the focus from simple price tracking to the broader value created by procurement teams, such as time saved and the prevention of off-policy spending.

Additionally, Amazon announced new capabilities for its Business Assistant tool. These updates are intended to automate repetitive tasks, including order tracking, approval speeding, and spending analysis, to reduce manual reconciliation and administrative workloads for procurement teams.