Best Practices for Leveraging Data Analytics in Procurement

Benjamin B.M. Shao, Robert D.St Louis, Karen Corral, Ziru Li

Research output: Contribution to journalArticlepeer-review

Abstract

Increasingly, organizations are using data analytics to improve performance across business functions, including procurement. Our examination of 15 Fortune 500 companies’ procurement practices found that most are not using data analytics fully. To understand why, we investigated the challenges procurement functions face in moving up the analytics hierarchy.

Original languageEnglish (US)
Pages (from-to)131-142
Number of pages12
JournalMIS Quarterly Executive
Volume21
Issue number2
DOIs
StatePublished - 2022
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

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