Keywords
Factory procurement management
Manufacturing industry
Submitted : 2025-12-30
Accepted : 2026-01-14
Published : 2026-01-29
Abstract
Big data is revolutionizing factory procurement management in the manufacturing industry. It offers comprehensive market views, predictive analytics, and new digital procurement system frameworks. Critical success factors include supplier data analytics, real-time monitoring, and predictive inventory management. Traditional procurement has inefficiencies like manual operations and data silos. Machine learning, IoT, blockchain, etc., play important roles, and various aspects like IT maturity, workforce training, and cloud deployment require attention.
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