PURCHASING STRATEGY AND PERFORMANCE

PURCHASING STRATEGY AND PERFORMANCE

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頁數(shù):11頁

時間:2019-07-11

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1、PURCHASINGSTRATEGYANDPERFORMANCERELATIONSHIPINMALAYSIANSMESABSTRACTThegrowingconcernforpurchasingeffectivenessandeffectivepurchasingstrategyhaveattractedmuchattentionintheliterature.Inparticular,however,thereviewofthesmallbusinessliteraturesuggestsveryfewempiricalstudieshav

2、eattemptedtoestablishthelinkagebetweenpurchasingstrategyandperformanceofsmallandmedium-sizedenterprises(SMEs),especiallyintheMalaysiancontext.Thisstudyinitiatesanattempttoaddressthisissue.Thedataforthestudywascollectedfrom92SMEsoperatinginthemanufacturingsector.Theresultsof

3、thecorrelationanalysesindicatesignificantpositiverelationshipsbetweensingleandmultiplesourcingstrategiesandtheperformanceoftheSMEssurveyed.INTRODUCTIONPurchasinginamanufacturingfirminvolvesnegotiatingaswellasbuyingfromcurrentandpotentialsuppliers.Purchasingprovidesthemanufa

4、cturingfirmwithqualityrawmaterials,parts,factoryandofficesupplies,andservicesforuseintheproductioncyclerequiredforthedaytodayoperationsofitsbusiness.Througheffectiveandefficientpurchasingfunction,themanufacturingfirmisabletomakeitssales,keepsitsproductioninoperations,preser

5、vesitsplantandequipment,reducesitsoperatingcosts,enhancesitsproductivity,andimprovesitsprofitability.Moreimportantly,maintainingpurchasingeffectivenessisessentialforbusinessorganizationsoperatingincompetitiveenvironment.However,inthecontextofincreasinglycompetitivebusinesse

6、nvironment,sustaininganeffectiveandefficientpurchasingfunctionrequiresthattheorganizationformulatesandimplementsaneffectivepurchasingstrategy.Forinstance,tosustaininthedynamicglobalbusinesssystem,amanufacturingfirmneedsaneffectivepurchasingstrategythatemphasizesonidentifyin

7、ganddevelopingglobalsourcesforprocurementofqualityaswellascheaprawmaterialsandpartscomponents(PalaniswarniandLingaraj,1994;andNarasimhanandCarter(1998).Overtheyears,increasingnumbersofsmall,mediumandlargefirmsareacknowledgingtheneedfortheirfirmstoadopteffectivepurchasingstr

8、ategies.Thisisbecausemoreandmorebusinessorganizationsarerealizingthateffectivepurc

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