Analytics and digitization have become dominant in business. Identify one top analytics application trend that applies...
- Analytics and digitization have become dominant in business. Identify one top analytics application trend that applies to Sourcing.
- Try to find one company example that illustrates your application.
- How do you see analytics impacting Sourcing in the future?
- Which aspects of sourcing do you think could be automated? Which aspects do you think cannot be automated?
Homework Answers
Companies like Tata Steel adopt SAS Business intelligence for sourcing and rate contracts and also adopt SAP Material management moduel as an ERP framework to develop purchase orders which is decentralised across senior management and leaders of organisation making it transparent and ethical.
SAS business intelligence helps ethical sourcing ajd analysis of vendors based on past data and helps managers choose right vendor and right price at which contract can be awarded. With Artificial intelligence and Blockchain even Smart Contract can be created which can be modified in real time.
Aspects like making modifications to contractual rates and prices can be automated and linked to market rates. However contractual terms cannot be automated as it involves high degrees of risk and interference.
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