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Strategic Role and Contribution of Purchasing in Singapore: A Survey of CEOs
Author(s) -
Goh Mark,
Lau Geok Theng,
Neo Lillian
Publication year - 1999
Publication title -
journal of supply chain management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.75
H-Index - 92
eISSN - 1745-493X
pISSN - 1523-2409
DOI - 10.1111/j.1745-493x.1999.tb00240.x
Subject(s) - purchasing , business , general partnership , marketing , competitive advantage , function (biology) , strategic partnership , business administration , finance , evolutionary biology , biology
SUMMARY The purchasing function is receiving increased attention as a key contributor to the strategic success of the firm. This study seeks to identify the strategic role of the purchasing function and the contributions that purchasing can make in an organization. A mail survey was conducted among The CEOs based in Singapore to examine the relationship between corporate competitive strategy and purchasing objectives, as well as how purchasing affects business performance through its integration with other functions, its partnership with suppliers, and its involvement in team decisions. The data collected were factor analysed and the results suggest that purchasing objectives are affected by the firm's corporate competitive strategy. More important, purchasing can yield better business performance through greater integration with other functions, closer partnership with suppliers, and greater involvement in team decisionmaking.