Overview of Purchasing and Procurement Strategies Adoption in Global Shipping and Maritime Sectors

Satya Shah, Fong Yung

Research output: Contribution to journalArticlepeer-review

Abstract

Purchasing and procurement many times are viewed as add-on activities related to issuing purchase orders and conducting procurement contracts with any direct involvement in implementing any strategic plans within the firms. With the advancement of international trade and globalisation, logistics services are now viewed more importantly through the global network of partnerships and collaborations within the changing market space.

The paper is a theoretical study of purchasing strategy in ship management firm. Research relates to identify the appropriate purchasing and procurement strategies used to improves businesses competitive advantages over its competitor. Purchasing categories identified through its impacts are studied for research, including categories spending, total spending, and impact of each categories towards customers.
Original languageEnglish
Pages (from-to)5-23
Number of pages19
JournalInternational Journal of Transportation Systems
Volume6
Publication statusPublished - 9 Apr 2021

Keywords

  • Procurement
  • Procurement Management
  • Supply Chain Management
  • Strategic Management
  • Strategic Procurement
  • Maritime & Shipping

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