{"product_id":"procurement-analytics-datadriven-decisionmaking-in-procurement-and-supply-management-9783031432804","title":"Procurement Analytics: Data-Driven Decision-Making in Procurement and Supply Management","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003e\n\u003cbr\u003eThe book explores the intersection of advanced analytics and procurement, demonstrating how firms can generate economic value from procurement data through data analytics, artificial intelligence, and operations research. It provides a methods-based overview of data-driven optimization of purchasing decisions and focuses on implementation to help procurement managers and data scientists quickly evaluate the value generated by a given solution. It is intended for graduate students with a major in procurement and supply chain management, as well as purchasing managers and data scientists with and without specific knowledge of advanced analytics techniques and procurement. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 268 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 29 December 2023\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Springer International Publishing AG\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eAdvanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data\u003cbr\u003eAdvanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data is a groundbreaking textbook that explores the intersection of advanced analytics and procurement. It addresses the core question of how firms can generate economic value from procurement data, demonstrating that procurement is a critical function within a firm where data analytics, artificial intelligence, and operations research can be leveraged to reduce cost and risk, achieve resilience and sustainability goals, and optimize purchasing decisions.\u003cbr\u003e\u003cbr\u003eThe book provides a methods-based overview of data-driven optimization of purchasing decisions, covering key concepts and applications. It particularly focuses on implementation, helping (future) procurement managers and data scientists quickly evaluate the value generated by a given data-driven solution.\u003cbr\u003e\u003cbr\u003eWhat sets this textbook apart is its combination of rigorous, state-of-the-art methodologies from academic research and first-hand experience from various application-oriented consulting projects in a range of industries.\u003cbr\u003e\u003cbr\u003eThough primarily intended for graduate students with a major in procurement and supply chain management, the book will also benefit purchasing managers with and without specific knowledge of advanced analytics techniques, and data scientists with and without specific experience in procurement.\u003cbr\u003e\u003cbr\u003eThe book begins by introducing the concept of advanced analytics and procurement, highlighting the importance of data-driven decision-making in the procurement process. It then explores the various data sources available to procurement managers, including internal data, external data, and third-party data.\u003cbr\u003e\u003cbr\u003eNext, the book discusses the different types of advanced analytics techniques that can be used in procurement, including machine learning, predictive analytics, and optimization. It provides examples of how these techniques have been used in real-world scenarios to improve procurement performance.\u003cbr\u003e\u003cbr\u003eThe book also covers the challenges associated with implementing advanced analytics in procurement, including data quality, data privacy, and organizational resistance. It provides strategies for addressing these challenges and ensuring successful implementation.\u003cbr\u003e\u003cbr\u003eIn addition to the theoretical aspects of advanced analytics and procurement, the book also includes practical case studies and examples. These case studies provide real-world insights into how advanced analytics has been used to improve procurement performance in various industries, such as manufacturing, healthcare, and retail.\u003cbr\u003e\u003cbr\u003eThe book concludes by discussing the future of advanced analytics and procurement. It highlights the potential for further innovation and growth in the field, and provides recommendations for procurement managers and data scientists to stay ahead of the curve.\u003cbr\u003e\u003cbr\u003eOverall, Advanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data is a valuable resource for anyone interested in learning more about the intersection of advanced analytics and procurement. It provides a rigorous, state-of-the-art overview of the field, and includes practical case studies and examples to help readers apply these techniques in their own organizations.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch1\u003eAdvanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data\u003c\/h1\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eAdvanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data is a groundbreaking textbook that explores the intersection of advanced analytics and procurement. It addresses the core question of how firms can generate economic value from procurement data, demonstrating that procurement is a critical function within a firm where data analytics, artificial intelligence, and operations research can be leveraged to reduce cost and risk, achieve resilience and sustainability goals, and optimize purchasing decisions.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eThe Book's Approach\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eThe book provides a methods-based overview of data-driven optimization of purchasing decisions, covering key concepts and applications. It particularly focuses on implementation, helping (future) procurement managers and data scientists quickly evaluate the value generated by a given data-driven solution.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eWhat Sets This Textbook Apart?\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eWhat sets this textbook apart is its combination of rigorous, state-of-the-art methodologies from academic research and first-hand experience from various application-oriented consulting projects in a range of industries.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eWho Is This Book Intended For?\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eThough primarily intended for graduate students with a major in procurement and supply chain management, the book will also benefit purchasing managers with and without specific knowledge of advanced analytics techniques, and data scientists with and without specific experience in procurement.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eThe Book's Content\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eThe book begins by introducing the concept of advanced analytics and procurement, highlighting the importance of data-driven decision-making in the procurement process. It then explores the various data sources available to procurement managers, including internal data, external data, and third-party data.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eAdvanced Analytics Techniques\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eNext, the book discusses the different types of advanced analytics techniques that can be used in procurement, including machine learning, predictive analytics, and optimization. It provides examples of how these techniques have been used in real-world scenarios to improve procurement performance.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eChallenges Associated with Implementing Advanced Analytics in Procurement\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eThe book also covers the challenges associated with implementing advanced analytics in procurement, including data quality, data privacy, and organizational resistance. It provides strategies for addressing these challenges and ensuring successful implementation.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003ePractical Case Studies and Examples\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eIn addition to the theoretical aspects of advanced analytics and procurement, the book also includes practical case studies and examples. These case studies provide real-world insights into how advanced analytics has been used to improve procurement performance in various industries, such as manufacturing, healthcare, and retail.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eThe Future of Advanced Analytics and Procurement\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eThe book concludes by discussing the future of advanced analytics and procurement. It highlights the potential for further innovation and growth in the field, and provides recommendations for procurement managers and data scientists to stay ahead of the curve.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003ch2\u003eConclusion\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eOverall, Advanced Analytics and Procurement: A Comprehensive Guide to Generating Economic Value from Procurement Data is a valuable resource for anyone interested in learning more about the intersection of advanced analytics and procurement. It provides a rigorous, state-of-the-art overview of the field, and includes practical case studies and examples to help readers apply these techniques in their own organizations.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 235 x 155 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9783031432804\u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 1st ed. 2023\u003c\/p\u003e","brand":"Christian Mandl","offers":[{"title":"Hardback","offer_id":45860875731194,"sku":"9783031432804","price":91.62,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/files\/1714166504399_book.jpg?v=1714981860","url":"https:\/\/shulphink.com\/products\/procurement-analytics-datadriven-decisionmaking-in-procurement-and-supply-management-9783031432804","provider":"Shulph Ink","version":"1.0","type":"link"}