STATISTICAL TOOLS AND METHODOLGY IN SUSTAINABLE PROCUREMENT, ENVIRONMENTAL AND SOCIAL STANDARD PRACTICES

This study attempts to give researchers the knowledge and tools they need to approach their scientific investigations with confidence, methodological rigor, and an unshakable dedication to knowledge advancement by examining the intricacies of statistical analysis. By making it easier for researchers to comprehend a thorough process for selecting statistical methods based on the variables of interest and research hypothesis, this work aims to increase methodological precision. Statistics tools are indispensable in procurement and environmental, social standards studies due to their role in enhancing decision-making, managing risk, improving efficiency, ensuring compliance, and effectively communicating insights. The literature in these domains confirms that the thorough analysis these tools offer, leads to more informed, calculated decisions that support sustainability and economic objectives. The recommended statistical tools and process of selecting an appropriate statistical analysis/method is based on the context of the study and the unique properties of the data in line with the objective.