Topic
Procurement
About: Procurement is a research topic. Over the lifetime, 25669 publications have been published within this topic receiving 334145 citations.
Papers published on a yearly basis
Papers
More filters
Book•
28 Jul 1997
TL;DR: In this article, the authors present a survey of strategies for managing the procurement and sourcing process in the context of outsourcing and outsourced supply chain management, including legal issues and purchasing contracts.
Abstract: SECTION ONE: UNDERSTANDING THE PROCUREMENT AND SOURCING PROCESS. Introduction to Purchasing. The Purchasing Process. Purchasing Organization. Purchasing Policy and Procedures. Purchasing as a Boundary Spanning Function. SECTION TWO: STRATEGIC SUPPLY MANAGEMENT. Procurement and Sourcing Strategy Development. Insourcing/Outsourcing. Supplier Evaluation and Selection. Supplier Quality Management. Supplier Management and Development. Global Sourcing. SECTION THREE: APPROACHES FOR MANAGING THE PROCUREMENT AND SOURCING PROCESS. Purchasing Tools and Techniques. Cost/Price Analysis. Negotiation. Managing Contracts. SECTION FOUR: ACTIVITIES THAT SUPPORT THE PROCUREMENT AND SOURCING PROCESS. Legal Issues and Purchasing Contracts. Inventory Management for Purchasers. Purchasing and Transportation. Purchasing Information Systems. Performance Measurement and Evaluation. SECTION FIVE: FUTURE DIRECTIONS. Future Trends: Purchasing and Sourcing Strategy.
1,335 citations
TL;DR: In this paper, the authors review the literature addressing coordinated planning between two or more stages of the supply chain, placing particular emphasis on models that would lend themselves to a total supply chain model.
1,319 citations
TL;DR: In this article, the authors emphasize the use of accounting data in regulatory or procurement contracts when the supplier has superior information about the cost of the project and invests in cost reduction, and the main result states that, under risk neutrality, the supplier announces an expected cost and is given an incentive contract linear in cost overruns.
Abstract: The paper emphasizes the use of accounting data in regulatory or procurement contracts when the supplier (1) has superior information about the cost of the project and (2) invests in cost reduction. The main result states that, under risk neutrality, the supplier announces an expected cost and is given an incentive contract linear in cost overruns. This (optimal) contract moves toward a fixed-price contract as the announced cost decreases. An investment choice is then introduced and the use of a rate-of-return regulation is studied.
1,278 citations
TL;DR: In this article, the concept of supply chain management is presented and the authors argue that only through close collaborative linkages through the entire supply chain, can one fully achieve the benefits of cost reduction and revenue enhancing behaviors.
Abstract: States that we have witnessed, over the last several years, a profound change in understanding the dynamics of competitive advantage. Managers now acknowledge that a firm’s success is tied, in part, to the strength of its weakest supply chain partner. This paper develops the concept of supply chain management and argues that only through close collaborative linkages through the entire supply chain, can one fully achieve the benefits of cost reduction and revenue enhancing behaviors. Data are presented that look at a range of supply chain management practices and processes. By examining differences in practices and processes between buyers and sellers, along with the supply chain, attempts to understand better the challenges facing managers who espouse supply chain management. Also proposes a change in mind set for the traditional procurement manager and present insights for him/her to adapt to the requirements of the new competition.
1,165 citations
TL;DR: It is shown that firms could effectively reduce their carbon emissions without significantly increasing their costs by making only operational adjustments and by collaborating with other members of their supply chain.
Abstract: Using relatively simple and widely used models, we illustrate how carbon emission concerns could be integrated into operational decision-making with regard to procurement, production, and inventory management. We show how, by associating carbon emission parameters with various decision variables, traditional models can be modified to support decision-making that accounts for both cost and carbon footprint. We examine how the values of these parameters as well as the parameters of regulatory emission control policies affect cost and emissions. We use the models to study the extent to which carbon reduction requirements can be addressed by operational adjustments, as an alternative (or a supplement) to costly investments in carbon-reducing technologies. We also use the models to investigate the impact of collaboration among firms within the same supply chain on their costs and carbon emissions and study the incentives firms might have in seeking such cooperation. We provide a series of insights that highlight the impact of operational decisions on carbon emissions and the importance of operational models in evaluating the impact of different regulatory policies and in assessing the benefits of investments in more carbon efficient technologies. Note to Practitioners-Firms worldwide, responding to the threat of government legislation or to concerns raised by their own consumers or shareholders, are undertaking initiatives to reduce their carbon footprint. It is the conventional thinking that such initiatives will require either capital investments or a switch to more expensive sources of energy or input material. In this paper, we show that firms could effectively reduce their carbon emissions without significantly increasing their costs by making only operational adjustments and by collaborating with other members of their supply chain. We describe optimization models that can be used by firms to support operational decision making and supply chain collaboration, while taking into account carbon emissions. We analyze the effect of different emission regulations, including strict emission caps, taxes on emissions, cap-and-offset, and cap-and-trade, on supply chain management decisions. In particular, we show that the presence of emission regulation can significantly increase the value of supply chain collaboration.
1,007 citations