Article
The Relationship Between Purchasing and Supply Management's Perceived Value and Participation in Strategic Supplier Cost Management Activities
Journal of Business Logistics
(2003)
Abstract
As firms have placed more emphasis on their core competencies and outsourced production and services to suppliers, effective cost management of purchases has become a critical factor in achieving corporate success. The Purchasing and Supply Management (PSM) function is generally responsible for obtaining goods and services from outside suppliers. Techniques such as total cost of ownership, supplier cost structure analysis, and target costing have become important tools for PSM to manage inbound supply costs. Results of a survey indicate that the perceptions of PSM by peer functions and top management, in terms of PSM's importance and accountability, are related to implementing the strategic cost management activities of total cost of ownership, supplier cost structure analysis, and target costing.
Keywords
- resource-based view,
- strategic cost management,
- supply management,
- target costing
Publication Date
September 1, 2003
DOI
10.1002/j.2158-1592.2003.tb00049.x
Citation Information
George A. Zsidisin, Lisa M. Ellram and Jeffrey A. Ogden. "The Relationship Between Purchasing and Supply Management's Perceived Value and Participation in Strategic Supplier Cost Management Activities" Journal of Business Logistics Vol. 24 Iss. 2 (2003) p. 129 - 154 Available at: http://works.bepress.com/george-zsidisin/28/