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Predictive Procurement Insights: B2B Business Network Contribution to Predictive Insights in the Procurement Process Following a Design Science Research Approach

  • Jan Gruenen
  • Christoph BodeEmail author
  • Hartmut Hoehle
Conference paper
  • 3.1k Downloads
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10243)

Abstract

Significant recent developments in the domain of big data analytics provide the basis for leveraging predictive procurement insights in the procurement process. Following the path of other business domains, B2B business networks now have the potential to fill the gap of providing sufficient data for predictive technologies to be applied to the procurement domain, opening the door for significant efficiency gains. Based on the conceptual framework of the procurement process the methodology of design science research is applied to analyze prototype dashboards that leverage available data from B2B business networks.

Keywords

Predictive analytics E-procurement Electronic marketplace Design science research 

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Business SchoolUniversity of MannheimMannheimGermany
  2. 2.Sam M. Walton College of BusinessUniversity of ArkansasFayettevilleUSA

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