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Procurement

About: Procurement is a research topic. Over the lifetime, 25669 publications have been published within this topic receiving 334145 citations.


Papers
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Journal ArticleDOI
TL;DR: In this article, the authors report the results of a research project addressing the current state of e-procurement technologies and indicate that the final equilibrium may include several technologies, each one serving a different segment of the market.

366 citations

Journal ArticleDOI
TL;DR: In this article, the issue of the parties' investment in the relationship before renegotiation is analyzed in a simple two-period procurement model, and it is shown that if investment is observable by the sponsor andthus may become a joint decision variable, the two parties may choose to under or over invest.
Abstract: Parties bound by an incomplete contract have an incentive to renegotiate after acquiring new information. The issue of the parties' investment in the relationship before renegotiation is analyzed in a simple two-period procurement model. The firm invests in the first period. It then learns its production cost, and the sponsor learns its value for the project. Williamson's underinvestment presumption is shown to hold under very general assumptions about bargaining and about the ex post asymmetry of information as long as the firm's investment is not observable by the sponsor. The introduction of a cancellation fee may well lead to even less investment contrary to what is sometimes argued. The role of ex ante price fixing as an alternative way to reintroduce some form of commitment and the problem of cost overruns are discussed. Last, it is shown that if investment is observable by the sponsor andthus may become a joint decision variable, the two parties may choose to under- or overinvest.

360 citations

Book
01 Jan 2003
TL;DR: In this paper, a framework for risk management in public-private partnership infrastructure development is proposed for risk assessment and management in PPP projects in Asia and the USA, with a focus on risk perception and communication in public private partnership procurement.
Abstract: Introduction Part one -- PPP: Risk, value and communication in public private partnership procurement -- An overview of Public Private Partnership Risks overview in Public Private Partnership Value management in PPP procurement Risk perception and communication in Public Private Partnerships Part Two -- Stakeholders perspectives on Public Private Partnership risks and opportunities -- A construction perspective on risk management in Public Private Partnership A financial perspective on risk management in Public Private Partnership A legal perspective on risk management in PPP Applications of risk management strategies in PPP procurement Developments in UK public sector risk management: implications for PPP/PFI projects Part Three -- International Perspectives on Public Private Partnership risks and opportunities -- Public Private Partnership risk assessment and management process -- the Asian dimension Risk management in an Austrian standardised public--private partnership model Risk assessment and management in BOT--type PPP in China/Hong Kong Public Private Partnership projects in USA: risks and opportunities PPP in South African local authorities: risks and opportunities Private Sector participation road projects in India -- assessment and allocation of critical risks: Part Four -- Framework for risks and opportunities management of Public Private Partnership infrastructure development -- Multi--party risk management process for a PPP construction project in Asia PFI uptake in UK local authorities A framework for the risk management in PFI projects

354 citations

Journal ArticleDOI
TL;DR: In this article, the authors report the results of a research project addressing the current state of e-procurement technologies, which analyzes which companies are moving fast into these technologies and how experimentation is taking place to learn about the business opportunities that may emerge through these technologies, the risks and benefits associated with them, and the expected evolution of the e-procurement technology in the near future.
Abstract: This paper reports the results of a research project addressing the current state of e-procurement technologies. It analyzes which companies are moving fast into these technologies, how experimentation is taking place to learn about the business opportunities that may emerge through these technologies, the risks and benefits associated with them, and the expected evolution of e-procurement technologies in the near future. Predictions few years back indicated that e-procurement technologies would grow exponentially over the first half of the decade. However, these expectations have not been met. Current e-procurement technologies are in their developmental infancy and a dominant design is still unavailable. The results of our survey indicates that the final equilibrium may include several technologies, each one serving a different segment of the market. This multiplicity of solutions is likely to further delay the transition of the industry to its growth stage. Companies are approaching e-procurement technologies with very different strategies based upon the perceived risks and benefits associated with the technology and their competitive position and environment. We identify two main types of companies. The first type is moving aggressively to adopt e-procurement technologies, frequently experimenting with various solutions. The second type adopts a more conservative strategy by selectively experimenting, typically with one technology. This latter group relies on these limited experiences to provide the capabilities to move quickly into the technology as a dominant design emerges. The survey results suggest that e-procurement technologies will become an important part of supply chain management and that the rate of adoption will accelerate as aggressive adopters share their experiences and perceptions of low risk.

354 citations

Book
15 May 2000
TL;DR: Purchasing and Supply Chain Management (PSCM) 6/e as discussed by the authors is a much revised and enlarged version of this successful textbook. The authors take an integrated approach, drawing on the many disciplines from ethics and human resources to suppliers, sourcing and strategy that all contribute to a full knowledge of purchasing practice and techniques.
Abstract: Purchasing and Supply Chain Management, now in its 6/e is a much revised and enlarged version of this successful textbook. The authors take an integrated approach, drawing on the many disciplines from ethics and human resources to suppliers, sourcing and strategy that all contribute to a full knowledge of purchasing practice and techniques. This 6/e has been substantially revised, with 3 new chapters, to take account of recent developments in this area. The book covers the syllabus of the CIPS in respect of the Foundation Stage subjects Introduction to Supply and Materials Management' and `Legal and Procurement Processes' and the Graduate Diploma, Professional Stage core and option subjects of `Purchasing and Supply Chain Management I- Strategy', and `Purchasing and Supply Chain Management II- Tactics and Operations'

351 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20231,696
20223,449
20211,142
20201,363
20191,503
20181,423