The strategic procurement of raw material: a case study

Autor:	Mamata Jenamani, Sanjita Jaipuria, M. Ramkumar
Rok vydání:	2016
Předmět:	Microeconomics Spend analysis Strategic sourcing Procurement Market analysis Production (economics) Portfolio Business Raw material General Business Management and Accounting Industrial organization Purchasing
Zdroj:	International Journal of Procurement Management. 9:524
ISSN:	1753-8440 1753-8432
DOI:	10.1504/ijpm.2016.078689
Popis:	Strategic procurement is essential to ensure uninterrupted availability of raw material at a competitive cost for the smooth production operation. Kraljic's purchasing portfolio model is widely used in strategic procurement practice. However, hardly any quantitative model has been discussed in existing literature to develop Kraljic's sourcing matrix. Hence, in this study a quantitative approach has been proposed to develop Kraljic's sourcing matrix. Many times the market condition affects the procurement activity. The total procurement cost generally comprises of different cost components and through adopting strategic approach the controllable cost components can be reduced. Therefore, including Kraljic's purchasing portfolio model, two techniques such as spend analysis and market analysis is applied to identify the strategic issues based on the cost structure and market condition. In this study the framework to develop procurement strategy using spend analysis, Kraljic's purchasing portfolio model, and market analysis is described through a case study.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ae9615dccb2eee725314daffb204ec48 https://doi.org/10.1504/ijpm.2016.078689 Zobrazit plný text záznamu