Author(s)

Liu Shaoping ¹

Affiliation(s)

¹ University of Southampton, Southampton, United Kingdom

Corresponding Author

Liu Shaoping

ABSTRACT

Strategic procurement and supply management play a crucial role in enterprises, helping them optimize the procurement process, reduce costs, improve product quality, and enhance market competitiveness. This article aims to explore the theoretical framework and practical methods of strategic procurement and supply management. Firstly, this article elaborates on the concepts of strategic procurement and supply management, pointing out that strategic procurement and supply management are a part of the overall strategy of enterprises. They not only focus on traditional procurement processes such as supplier selection, negotiation, and contract signing, but also involve multiple aspects such as supplier management, risk management, and procurement strategy formulation. Secondly, this article analyzes the advantages of strategic procurement and supply management, including reducing procurement costs, improving product quality, optimizing supply chain, and enhancing enterprise competitiveness. At the same time, this article also points out the challenges faced by strategic procurement and supply management, such as supplier instability, price fluctuations, delivery delays, and other issues. Finally, this article proposes some practical methods, such as establishing a stable supplier system, developing flexible procurement strategies, and strengthening risk management, to address the challenges faced by strategic procurement and supply management. At the same time, this article also explores the development trends of future strategic procurement and supply management, such as supply chain collaboration and digital procurement. In short, strategic procurement and supply management are one of the key factors for the success of enterprises. By optimizing procurement strategies and strengthening supplier management, enterprises can reduce costs, improve product quality, enhance market competitiveness, and achieve sustainable development.

KEYWORDS

Strategic procurement, supply management, enterprise, digitalization

CITE THIS PAPER

Liu Shaoping, Unilever Global Sourcing and Purchasing Strategies: A Case Study of Trade and Logistics between the EU and UK Post-Brexit. Industrial Engineering and Innovation Management (2023) Vol. 6: 124-131. DOI: http://dx.doi.org/10.23977/ieim.2023.061016.

REFERENCES

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