Business, Management and Accounting
8 years ago

Strategic purchasing boosts buyer-supplier relationships and purchasing performance in India.

International Journal of Business Excellence
Effect of strategic purchasing, supplier evaluation system and uncertain business environment on supplier-buyer strategic relationship: a structural model
Rakesh D. Raut, Harsh V. Bhasin

Paper Summary

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The article explores how strategic purchasing, supplier evaluation systems, and uncertain business environments impact the relationship between suppliers and buyers in companies. By studying 54 manufacturing companies in India, the researchers found that strategic purchasing directly influences supplier evaluation systems and uncertain business environments, leading to better purchasing performance. This means that companies can improve their relationships with suppliers and achieve better results by focusing on strategic purchasing practices and adapting to uncertain business conditions.