The Value of Data‐driven Category Management: A Case for Teaching Data Analytics to Purchasing and Supply Management Students
Andrea S. Patrucco,
Tobias Schoenherr,
Antonella Moretto
Abstract:As companies look to differentiate themselves with the help of their suppliers, the need for robust and sophisticated purchasing and supply management (PSM) processes that allow for informed decision-making becomes increasingly important. These processes often rely on sophisticated data analytics to inform the design of a company’s category management strategy, such as its supply network design, its supplier relationship management, and its supplier performance management. Therefore, data analytics skills are … Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.