Factory Procurement Management from the Perspective of Big Data in the Manufacturing Industry

© 2025 by the Authors. Licensee Whioce Publishing, Singapore. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International License ( https://creativecommons.org/licenses/by/4.0/ )

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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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