Big data and analytics will play an increasingly important role in purchasing and supply chain management.

Question

Quizplus · Accepted Answer

With the increasing amount of data available in the purchasing and supply chain management field, big data and analytics are becoming essential tools for companies to optimize their operations, reduce costs, and improve efficiency. These technologies can help to identify trends, forecast demand, manage inventory, and optimize supplier relationships, among other benefits.

Big Data and Analytics Will Play an Increasingly Important Role