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1,397 result(s) for "Purchasing Data processing."
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Emerging procurement technology: data analytics and cognitive analytics
Purpose The purpose of this paper is to elucidate the emerging landscape of procurement analytics. This paper focuses on the following questions: what are the current and future state of procurement analytics?; what changes in the procurement process will be required to enable integration of analytical solutions?; and what future areas of research arise when considering the future state of procurement analytics? Design/methodology/approach This paper employs a qualitative approach that relies on three sources of information: executive interviews, a review of current and emerging technology platforms and a small survey of subject matter experts in the field. Findings The procurement analytics landscape developed in this research suggests that the authors will continue to see major shifts in the sourcing and supply chain technology environment in the next five years. However, there currently exists a low usage of advanced procurement analytics, and data integrity and quality issues are preventing significant advances in analytics. This study identifies the need for organizations to establish a coherent approach to collection and storage of trusted organizational data that build on internal sources of spend analysis and contract databases. In addition, current ad hoc approaches to capturing unstructured data must be replaced by a systematic data governance strategy. An important element for organizations in this evolution is managing change and the need to nourish an analytic culture. Originality/value While the majority of forward-looking research and reports merely project broad technological impact of cognitive analytics and big data, much of it does not provide specific insights into functional impacts such as the impact on procurement. The analysis of this study provides us with a clear view of the potential for business analytics and cognitive analytics to be employed in procurement processes, and contributes to development of related research topics for future study. In addition, this study suggests detailed implementation strategies of emerging procurement technologies, contributing to the existing body of the literature and industry reports.
OP0199-PARE Support to stay employed and social security arrangements for work disability due to ra – perceptions of patients with ra and rheumatologists in 31 european countries
BackgroundDespite demonstrated influence of country of residence on labour force participation among patients with RA, little attempt has been made to understand the users' perceptions of support and social security (SS) systems.ObjectivesTo explore the patterns in perceptions among patients with RA and rheumatologists from different European countries across five domains (1) importance and support to remain employed, (2) process of applying for WD, (3) obtaining and living with WD pension, (4) role of the rheumatologists in support to remain employed or apply for WD pension and (5) performance of the system.MethodsA survey among RA patients and rheumatologists was conducted in 44 countries of European WHO Region. For each domain, several questions (4 to 6 questions per domain, each on a 1–5 Likert answer scale, dichotomized as 1 (“totally (agree)”) and 0 (“not agree, not disagree”, “totally (disagree)”) were asked (Table). Next, sum scores were calculated for each domain and averaged per country. The domain “remaining employed” was assessed in patients who currently have or ever had work. Analyses in domains “process of applying for WD” and “obtaining and living with WD” were limited to patients who currently have or ever considered applying for WD. Comparisons of scores in all domains were explored by: EU-15, new EU member states and non-EU countries, the five types of social welfare system (Anglo-Saxon, Bismarckian, Mediterranean, Post-Communist, and Scandinavian) and by countries' wealth (GDP per capita adjusted for purchasing power parity [PPP]) using ANOVA or Pearson correlation, as appropriate.ResultsOf 44 countries, 31 (70%) and 30 (68%) have provided data for patients and rheumatologists, respectively. In total, 646 patients (mean age (SD) 53 (12), 76% female, 519 (78%) ever worked) and 500 rheumatologists filled in the questionnaires. Overall, positive weak to no relationships were present between the GDP per capita and perceptions from rheumatologists or patients about SS arrangements. However, significant differences were observed across the systems type with the Scandinavian type (Finland, Norway, Sweden) consistently scoring higher than the others on most domains (table). Remarkably, rheumatologists in less wealthy and non-EU countries felt more confident in their role related to WD pension.ConclusionsPatients'a nd rheumatologists' perceptions of systems to support persons with RA encountering work restrictions varied mostly according to the type of the social welfare system, while remarkably little differences were related to country's wealth and membership in EU. Scandinavian employment support and social security system appeared to most adequately meet the expectations of patients and rheumatologists in questions of remaining at work and application to WD pension.Disclosure of InterestNone declared
Unpacking the role of green absorptive capacity in the relationship between green supply chain management practices and firm performance
PurposeThis study examines green absorptive capacity as an important intervening variable that elucidates the relationship between green supply chain management (GSCM) practices (specifically, green purchasing, customer cooperation and investment recovery) and firm performance.Design/methodology/approachDrawing from the theoretical underpinnings of the natural-resource-based view theory and information processing theory, a research model is developed and tested using data obtained from 368 manufacturing firms in Ghana. Data analysis was conducted using structural equation modeling.FindingsThe results indicate that green purchasing, customer cooperation and investment recovery have a direct positive and significant effect on firm performance. Additionally, green purchasing and customer cooperation have a positive and significant effect on green absorptive capacity but investment recovery does not. Further, the results show that the paths from green purchasing and customer cooperation to firm performance are positively mediated by green absorptive capacity.Practical implicationsThe study reveals to supply chain managers that green absorptive capacity is an important conduit through which firms can achieve enhanced firm performance from GSCM initiatives.Originality/valueThis study makes a contribution by integrating the absorptive capacity literature and green management literature and establishes green absorptive capacity as a mechanism through which GSCM practices enhance firm performance.
A theoretical model of factors influencing online consumer purchasing behavior through electronic word of mouth data mining and analysis
The coronavirus disease 2019 pandemic has impacted and changed consumer behavior because of a prolonged quarantine and lockdown. This study proposed a theoretical framework to explore and define the influencing factors of online consumer purchasing behavior (OCPB) based on electronic word-of-mouth (e-WOM) data mining and analysis. Data pertaining to e-WOM were crawled from smartphone product reviews from the two most popular online shopping platforms in China, Jingdong.com and Taobao.com . Data processing aimed to filter noise and translate unstructured data from complex text reviews into structured data. The machine learning based K-means clustering method was utilized to cluster the influencing factors of OCPB. Comparing the clustering results and Kotler’s five products level, the influencing factors of OCPB were clustered around four categories: perceived emergency context, product, innovation, and function attributes. This study contributes to OCPB research by data mining and analysis that can adequately identify the influencing factors based on e-WOM. The definition and explanation of these categories may have important implications for both OCPB and e-commerce.
Real-time prediction of online shoppers’ purchasing intention using multilayer perceptron and LSTM recurrent neural networks
In this paper, we propose a real-time online shopper behavior analysis system consisting of two modules which simultaneously predicts the visitor’s shopping intent and Web site abandonment likelihood. In the first module, we predict the purchasing intention of the visitor using aggregated pageview data kept track during the visit along with some session and user information. The extracted features are fed to random forest (RF), support vector machines (SVMs), and multilayer perceptron (MLP) classifiers as input. We use oversampling and feature selection preprocessing steps to improve the performance and scalability of the classifiers. The results show that MLP that is calculated using resilient backpropagation algorithm with weight backtracking produces significantly higher accuracy and F1 Score than RF and SVM. Another finding is that although clickstream data obtained from the navigation path followed during the online visit convey important information about the purchasing intention of the visitor, combining them with session information-based features that possess unique information about the purchasing interest improves the success rate of the system. In the second module, using only sequential clickstream data, we train a long short-term memory-based recurrent neural network that generates a sigmoid output showing the probability estimate of visitor’s intention to leave the site without finalizing the transaction in a prediction horizon. The modules are used together to determine the visitors which have purchasing intention but are likely to leave the site in the prediction horizon and take actions accordingly to improve the Web site abandonment and purchase conversion rates. Our findings support the feasibility of accurate and scalable purchasing intention prediction for virtual shopping environment using clickstream and session information data.
The data mining and high-performance network model of tourism electronic word of mouth for analysis of factors influencing tourists’ purchasing behavior
This study establishes a deep learning model for personalized travel recommendations based on factors that affect tourists’ purchases to provide users with more accurate and personalized travel recommendations. Firstly, Natural Language Processing (NLP) technology is used to process and emotionally analyze tourism review information, dividing it into positive, negative, or neutral to understand tourists’ attitudes towards purchasing products and services. Secondly, a High-Performance Network (HPN) model is constructed based on factors that affect tourists’ purchases. The relationship among tourists, products, and word of mouth (WOM) is represented as a complex network to analyze and predict event occurrence patterns and influencing factors in tourism electronic word-of-mouth (EWOM) data. The construction of the model considers various factors, such as the spread of WOM, the impact of price, etc., to reveal the complex relationships among tourists, WOM, products, etc. Finally, the Recurrent Neural Network (RNN) model is combined with the Backpropagation (BP) model, the time series data is processed with the help of the gated recurrent unit, and the HPN model is trained and evaluated. The Yelp dataset is employed to verify the accuracy and feasibility of the model, which contains the score and review data of many tourist destinations. The results reveal that price, WOM, and destination are one of the main factors influencing tourists’ purchasing behavior, with WOM being the most significant. Positive WOM reviews remarkably increase product sales, while negative WOM has the opposite effect. The minimum expectation for age, occupation, education, personal monthly income, and tourists’ willingness to purchase is 0.00, and the minimum expectation for gender factors is 0.31. The RNN-BP hybrid model has higher accuracy and predictive ability, which is 1.73% and 2.30% more accurate than single models and traditional machine learning predictive models. In short, this study contributes to a better understanding travelers’ needs and preferences to optimize products and services and improve market competitiveness. In addition, the methods and models of this study can also be applied in EWOM data mining in other fields.
Green product purchase intention: impact of green brands, attitude, and knowledge
Purpose The purpose of this paper is threefold: to assess the impact of green brand positioning, consumers’ attitude toward green brands, and green brand knowledge on green product purchase intention; to investigate the influence of green brand knowledge on consumers’ attitude toward green brands; and to examine the moderating effect of green brand knowledge on the relationship between green brand positioning and green product purchase intention. Design/methodology/approach A questionnaire was utilized to gather the data (n=300) for this study. The purposive sampling technique was used, involving respondents who practice a green lifestyle and have had green product purchasing experience. The partial least squares (PLS) method, which is a variance-based technique for the analysis of structural equation modeling, was used to analyze the data, with the assistance of the SmartPLS computer program version 2.0. Findings Based on the standardized path coefficients of the structural model from the PLS results, green brand knowledge was found to be the most significant determinant of green product purchase intention. Knowledge of green brands has caused consumers to develop positive green marketing awareness and has bolstered their interest in fortifying the environment whilst preventing its degradation. Furthermore, green brand knowledge also impacted consumers’ attitude toward green brands. However, this factor was an insignificant moderator of the impact between green brand positioning and green product purchase intention. Practical implications Green brand positioning can be used by firms and businesses to better market their products and improve consumers’ green brand knowledge and attitude toward green brands, as well as increase green brand purchase intentions. Successful green brand positioning is seen as an advantage for marketers that can be used to differentiate their products from the available competitors, giving the impression that their products are distinguishable, and thus creating more demand and generating increased intention to purchase more green products. Originality/value The empirical results of this study address the gap in the prevailing body of literature in reference to the impact of green brand positioning and consumer attitude toward green brands, as well as the effect of green brand knowledge on green product purchase intention. This study found that green brand knowledge does not moderate the relationship between green brand positioning and green product purchase intention, thus providing insight into this subject matter, which has not been clearly examined in previous studies.
Structuring the phenomenon of procurement digitalisation: contexts, interventions and mechanisms
PurposeThe study develops a structure for procurement digitalisation by identifying its context drivers, technology interventions and performance-inducing mechanisms and exploring the linkages between these variables.Design/methodology/approachThe study draws on rich interview and workshop data on 48 digital intervention projects, as reflected by mental models of managers from 12 case organisations in manufacturing, retail and service sectors. Supported by an a priori structure, the study employs an abductive cross-case analysis approach.FindingsResults suggest several categories within the elements of context, intervention and mechanism to structure procurement digitalisation and the linkages between them. Seven propositions that reflect digitalisation strategy options in procurement are developed regarding the linkages. Internal complexity dominantly drives procurement digitalisation, motivating communication support and process structuring interventions, which in turn aim at procurement coordination and control as well as process improvement. External coercive pressure and external dynamism also drive interventions for information processing and decision aiding, which appear to be linked with supply market knowledge, strategic alignment and supplier capability assessment. Therefore, an internal–external dichotomy is observed as the main thrust of procurement digitalisation.Practical implicationsThe study supports decision makers in developing digitalisation strategy options for different procurement contexts. The results also raise awareness of a possible bias in existing strategies for procurement digitalisation.Originality/valueA novel forward-looking approach is employed to enable the design and construction of systems that do not yet exist by focusing on the mental models of managers in a systematic way.
An Empirical Study on the Impact of E-Commerce Live Features on Consumers’ Purchase Intention: From the Perspective of Flow Experience and Social Presence
The COVID-19 pandemic and the continuous advancement of live e-commerce technology pushed the swift growth of live e-commerce in China. Based on the S–O–R theoretical framework, this study investigates the impact of live broadcast characteristics on consumers’ social presence and flow experience, along with their impact on the consumers’ consumption intention in live e-commerce scenarios through questionnaires. Using structural equation modeling, data processing and involvement were introduced as regulating variables. Host charm, interaction, and trust in the host exerted a significant positive impact on social presence. In addition, host charm and trust in host significantly affected flow experience, and social presence significantly affected flow experience. Both social presence and flow experience significantly affected consumption intention, while involvement affected all paths to some extent. Overall, this study illustrates the significance of host in live e-commerce, and consumers with low involvement should be the focus of attention in live e-commerce.