Topic
Procurement
About: Procurement is a research topic. Over the lifetime, 25669 publications have been published within this topic receiving 334145 citations.
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TL;DR: In this article, a Delphi technique was adopted to develop a multi-attribute model for the selection of a procurement system, and a statistically significant consensus on the weighting of the utility factors for each procurement system was obtained from eight experts.
Abstract: A number of procurement selection systems have been developed over the last decade. The use of multi-attribute decision analysis has been considered the foremost technique for examining client needs and the weightings of preferences from experts for each procurement system in the most objective way available. However, the major difficulty of these selection models lies in the lack of consensus among the experts on the utility factor of the selection criteria. To overcome these deficiencies, a Delphi technique was adopted to develop a multi-attribute model. Four rounds of Delphi surveys were conducted. A statistically significant consensus on the weighting of the utility factors for each procurement system was obtained from eight experts. The results vividly reveal that the Delphi method is a powerful and appropriate technique for deriving objective opinions in a rather subjective area such as the multi-attribute model for the selection of procurement system.
324 citations
TL;DR: In this article, a conceptual model for studying the direct and indirect impact of various forms of electronic procurement (EP) on a firm's integral purchasing (-related) costs is presented.
323 citations
TL;DR: The authors found that project-based firms tend to prioritize efficient management of projects, tolerating the use of slack resources only when absolutely necessary, and innovation is not seen as universally useful, but primarily as costly and dangerous.
323 citations
TL;DR: In this article, a survey of 41 clients and 35 consultants was carried out to obtain experience of and attitudes to a variety of procurement methods and the criteria used for selection, finding that a simple set of the criteria generally is adequate and sufficient for procurement path selection, and that there is a reasonable consensus on the appropriate...
Abstract: Building procurement has become a fashionable term with industry practitioners and researchers. It determines the overall framework and structure of responsibilities and authorities for participants within the building process. It is a key factor contributing to overall client satisfaction and project success. The selection of the most suitable procurement method consequently is critical for both clients and project participants, and is becoming an important and contemporary issue within the building industry. The problem, nevertheless, lies in the fact that there has been limited empirical research in this field of study. Postal questionnaire surveys of 41 clients and 35 consultants were carried out, and were used to obtain experience of and attitudes to a variety of procurement methods and the criteria used for selection. The findings indicate that a simple set of the criteria generally is adequate and sufficient for procurement path selection, and that there is a reasonable consensus on the appropriate...
319 citations
TL;DR: In this article, a simple model of competitive procurement, in which potential bidders incur non-recoverable resource costs in preparing bids, is presented, and the main findings are that equilibrium entry achieves a welfare optimum but that expected procurement cost need not decline with increases in the number of potential buyers.
315 citations