Authors: Stefan Zeisel
Addresses: Faculty of Business Administration and Economics, Hochschule Niederrhein, Webschulstr, 41-43, 41065 Mönchengladbach, Germany
Abstract: Big data has become a buzzword that is broadly discussed in media and board rooms alike. However, in the procurement function there are few visible practical applications of a full-fledged big data scenario so far. Some academic research has been conducted as well as several practitioners' surveys, but insights on how procurement can profit from big data applications are very fragmented. Therefore, the following article portrays a conceptual framework for big data applications in the procurement function connecting different data sources, skilled teams, and big data analytics. Furthermore, a full array of existing and new use cases for procurement is derived.
Keywords: big data analytics; data science; procurement; purchasing; sourcing; Industry 4.0; digitisation; ICT.
International Journal of Procurement Management, 2020 Vol.13 No.6, pp.775 - 793
Received: 20 Jun 2019
Accepted: 28 Jun 2019
Published online: 23 Nov 2020 *