Guidelines for procurement management efficiency in industrial business sectors

Kanyarat Sukhawatthanakun, Taweesak Roopsing and Thanin Silpcharu

International Journal of Procurement Management, 2023, vol. 18, issue 2, 170-187

Abstract: This study aimed to discover the guidelines for procurement management efficiency in industrial business sectors and develop a structural equation modelling; through mixed-methodology research, with qualitative and quantitative research methods - the quantitative data from 500 executives of industrial business with a questionnaire. The collected data were analysed with descriptive, inference, and multivariate statistics. The findings indicated that guidelines for procurement management efficiency in industrial business sectors consisted of these four elements: organisation change, internal control process, technology management, and business alliance network. Interestingly, the developed structure equation modelling analysis confirmed that it was under the empirical data and passed the SEM evaluation criteria.

Keywords: procurement efficiency; organisation change; internal control process; technology management; business alliance network; industrial business; structural equation modelling; SEM. (search for similar items in EconPapers)
Date: 2023
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