Business Process Intelligence for Global Enterprises: Optimizing Vendor Relations with Analytical Dashboards

• Author(s): Omoize Fatimetu Dako ; Temilola Aderonke Onalaja ; Priscilla Samuel Nwachukwu ; Folake Ajoke Bankole ; Tewogbade Lateefat
• Paper ID: 1710453
• Page: 261-283
• Published Date: 28-02-2019
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 2 Issue 8 February-2019

Abstract

The contemporary global business environment demands sophisticated approaches to vendor relationship management, where traditional procurement practices are increasingly inadequate for managing complex supplier networks spanning multiple continents, currencies, and regulatory frameworks. Business process intelligence emerges as a critical enabler for global enterprises seeking to optimize their vendor relations through data-driven decision making and real-time performance monitoring. This research examines the implementation and effectiveness of analytical dashboards in transforming vendor relationship management practices within multinational organizations operating across diverse geographical and cultural contexts. The study investigates how business process intelligence platforms integrate disparate data sources from procurement systems, financial databases, and supplier performance metrics to create comprehensive analytical frameworks that enable strategic decision making in vendor selection, performance evaluation, and relationship optimization. Through systematic analysis of dashboard implementations across various industry sectors, this research identifies key performance indicators that drive successful vendor relationships and explores how real-time analytics contribute to enhanced supplier collaboration, cost reduction, and operational efficiency. The findings reveal that organizations leveraging analytical dashboards for vendor relationship management achieve significant improvements in procurement cycle times, supplier performance visibility, and contract compliance monitoring. Advanced analytics capabilities enable predictive insights that help enterprises anticipate supplier risks, identify optimization opportunities, and maintain competitive advantages in global markets. The research demonstrates that successful dashboard implementations require careful consideration of data integration challenges, user interface design principles, and organizational change management strategies to ensure widespread adoption and sustained value creation. Furthermore, the study explores the technological infrastructure requirements for effective business process intelligence deployment, including cloud computing platforms, data warehousing solutions, and mobile accessibility features that support distributed decision making in global enterprise environments. The analysis reveals that organizations with mature analytical capabilities demonstrate superior performance in vendor negotiation outcomes, supplier diversity initiatives, and supply chain resilience metrics compared to those relying on traditional procurement approaches. The research contributes to the growing body of knowledge surrounding digital transformation in procurement and supply chain management by providing empirical evidence of the business value created through analytical dashboard implementations. The findings offer practical insights for enterprise leaders seeking to modernize their vendor relationship management practices and establish data-driven procurement organizations capable of thriving in increasingly complex global business environments.

Keywords

Business Process Intelligence, Vendor Relationship Management, Analytical Dashboards, Global Enterprises, Procurement Optimization, Supplier Performance, Data-Driven Decision Making, Supply Chain Analytics

Citations

IRE Journals:
Omoize Fatimetu Dako , Temilola Aderonke Onalaja , Priscilla Samuel Nwachukwu , Folake Ajoke Bankole , Tewogbade Lateefat "Business Process Intelligence for Global Enterprises: Optimizing Vendor Relations with Analytical Dashboards" Iconic Research And Engineering Journals Volume 2 Issue 8 2019 Page 261-283

IEEE:
Omoize Fatimetu Dako , Temilola Aderonke Onalaja , Priscilla Samuel Nwachukwu , Folake Ajoke Bankole , Tewogbade Lateefat "Business Process Intelligence for Global Enterprises: Optimizing Vendor Relations with Analytical Dashboards" Iconic Research And Engineering Journals, 2(8)