Emerging procurement technology: data analytics and cognitive analytics

• Published in: International journal of physical distribution & logistics management Vol. 49; no. 10; pp. 972 - 1002
• Main Authors: Handfield, Robert, Jeong, Seongkyoon, Choi, Thomas
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 10.12.2019; Emerald Group Publishing Limited
• Subjects: Algorithms; Batch processing; Best practice; Big Data; Change management; Corporate culture; Data analysis; Data processing; Decision making; Distributed processing; Enterprise resource planning; Exact solutions; Impact analysis; Intelligence; Knowledge management; Literature reviews; Mathematical analysis; New technology; Organizations; Procurement; Purchasing; Qualitative analysis; Studies; Suppliers; Supply chain management; Supply chains; Technology; Technology assessment; Theoretical constructs; Unstructured data; User interface; Big data; Data analytics; Cognitive analytics; Procurement technology; Technology roadmap

Purpose The purpose of this paper is to elucidate the emerging landscape of procurement analytics. This paper focuses on the following questions: what are the current and future state of procurement analytics?; what changes in the procurement process will be required to enable integration of analyti...