EconPapers    
Economics at your fingertips  
 

Guidance on how to balance the purchasing environment and processes to save resources - a validity examination of a holistic model

Maria M. Wittinger and Krisztina Demeter

Cogent Business & Management, 2024, vol. 11, issue 1, 2374883

Abstract: Despite the evolution of purchasing operations over many years, a comprehensive perspective is lacking in practice, leading to inefficiencies. This study aims to validate a model designed to guide how to balance the purchasing environment. It comprehensively delineates the general pattern (a map) of real-life purchasing procedures and standardizes these elements to provide clarity and coherence. The model’s novelty lies in the thoughtful selection and arrangement of factors, and their classification into two groups forces and drivers. This facilitates a structured approach to analyzing purchasing status through a checklist. By mapping purchasing activities, the model connects issues to its factors. After identifying existing weaknesses in operations by this linkage among the model’s elements and problems, the framework serves as a valuable diagnostic tool supporting managerial decisions and enhancing efficiency. The validation study comprised case studies and survey research conducted at five multinational companies, involving over 130 purchasing professionals. Research proved the model’s validity in terms of correctness, completeness, and applicability.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/23311975.2024.2374883 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oabmxx:v:11:y:2024:i:1:p:2374883

Ordering information: This journal article can be ordered from
http://cogentoa.tandfonline.com/journal/OABM20

DOI: 10.1080/23311975.2024.2374883

Access Statistics for this article

Cogent Business & Management is currently edited by Len Tiu Wright and Tahir Nisar

More articles in Cogent Business & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:oabmxx:v:11:y:2024:i:1:p:2374883