The expanding scope of procurement analytics: Some initial thoughts
NC State SCRC
JULY 5, 2019
Procurement analytics, which supports decision making in procurement management, typically handles problems and decisions that are related to cost reduction, supplier management, cost modeling, procurement-led innovation, market strategies, supply chain risk, and stakeholder value improvement (Handfield, Jeong, and Choi 2019). As the domain of procurement management expands and the enabling technology for procurement analytics evolves, the scope of procurement analytics will also expand.