Decisionmaking Support for Strategic Purchasing

With the globalisation of markets, firms are continuously searching for ways to remain competitive. In such an environment the purchasing and management of raw materials, supplies, parts, etc., has emerged as a critical area for a firm to achieve its strategic goals. Purchasing controls typically on...

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Bibliographic Details
Published in:International journal of physical distribution & logistics management 1990-01, Vol.20 (1), p.7-16
Main Authors: Cohn, Ruth, Tayi, Giri Kumar
Format: Article
Language:English
Subjects:
Competitiveness
Decisionsupport systems
Logistics
Purchasing
Online Access:Get full text
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Summary:With the globalisation of markets, firms are continuously searching for ways to remain competitive. In such an environment the purchasing and management of raw materials, supplies, parts, etc., has emerged as a critical area for a firm to achieve its strategic goals. Purchasing controls typically onequarter to onethird of the expenses incurred by the firm in manufacturing its products. The objective of the article is to identify and illustrate how different computerbased decision support toolstechniques could be applied to various purchasing decisions. Through indepth applications the potential improvements in managerial effectiveness, increased user involvement, and ease in problem solving are highlighted.
ISSN:0960-0035
DOI:10.1108/09600039010006529