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Global Trends in Procurement and Supply Chain Analytics with Implications for Manufacturing Innovation
Open accessAbstract
The rapid digitalization of procurement and supply chain management has transformed how organizations coordinate, evaluate, and innovate within global manufacturing systems. The integration of analytics into procurement processes enables firms to enhance efficiency, transparency, and resilience, while simultaneously supporting the transition toward advanced manufacturing innovation. Recent global shifts including the proliferation of big data, artificial intelligence, blockchain, and Industry 4.0 technologies redefined how procurement is conducted, turning it into a strategic driver of value creation. This paper provides an in-depth literature-based review of global trends in procurement and supply chain analytics with a focus on their implications for manufacturing innovation. By synthesizing secondary research up to 2025, it explores the historical evolution, methodological developments, and emerging debates that define this rapidly changing field. The analysis underscores the growing significance of predictive and prescriptive analytics, the integration of sustainability considerations, the use of advanced digital platforms, and the move toward collaborative, data-sharing ecosystems. Particular attention is given to the implications for manufacturing innovation, including enhanced product design, agile production, risk resilience, and sustainable operations. The findings highlight the opportunities and challenges facing organizations as they adapt to a data-intensive procurement and supply chain landscape. This paper contributes to scholarly discourse and managerial practice by consolidating current knowledge, identifying critical gaps, and outlining directions for future research.
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“Trust is not merely a reputational outcome; it is a reinforcing variable that shapes future funding, partnership opportunities, and institutional legitimacy (Akin-Oluyomi, et al., 2025, Eziama, et al., 2025, Obi, et al., 2025, Oluwadele, et al., 2025).”
From Conceptual Model for Financial Sustainability and Strategic Resource Allocation in Nonprofit Organizations (2025) · cites this paper as Akin-Oluyomi, et al., 2025
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Metadata
- Authors
- Akin-Oluyomi, O. T., Okoruwa, P. O., Babatope, O. M., & Akokodaripon, D. A.
- Affiliations
- Manufacturing Advocacy & Growth Network (United States) (US)
- Venue
- International Journal of Multidisciplinary Research and Growth Evaluation
- Publisher
- Anfo Publication House
- Published
- 2025
- Volume
- 6
- Issue
- 5
- Pages
- 964-974
- ISSN
- 2582-7138 (ISSN-L)
- OpenAlex
- W4417180026
- Cited by
- 6
- References
- 0
- Citations by year
- 2026: 1 · 2025: 5
- FWCI
- 8.14
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- cc-by-nc-sa
- Locations
- International Journal of Multidisciplinary Research and Growth Evaluation (publishedVersion, cc-by-nc-sa)
- Topics
- Social Sciences › Business, Management and Accounting › Management Information Systems › Big Data and Business Intelligence
- Social Sciences › Decision Sciences › Management Science and Operations Research › Impact of AI and Big Data on Business and Society
- Physical Sciences › Engineering › Industrial and Manufacturing Engineering › Digital Transformation in Industry
- Keywords
- procurement analytics, supply chain analytics, manufacturing innovation, digitalization of procurement, predictive analytics, prescriptive analytics, sustainable procurement, Industry 4.0, blockchain, artificial intelligence, big data, supply chain resilience, agile manufacturing, sustainable operations, product design
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