Role of strategic purchasing and supply management practices in firm performance:
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Date
2013-08-27
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Publisher
Global Advanced Research Journal of Social Science (GARJSS)
Abstract
In a census survey of 183 senior executives of public bus transport firms in Nairobi, Kenya, effect of
strategic purchasing and supply management practices on performance was sought. A cross sectional
survey design was adopted. Secondary and primary data were used. Descriptive statistics, Pearson’s
correlation, multiple regressions were used to analyze data. Content analysis was performed on
interview schedule results and other qualitative data. The results indicated that Strategic purchasing
and supply management practices were high among the firms and positively and significantly predict
public bus transport firm performance. The adjusted R2
value was found to be 0.398 implying that
strategic purchasing and supply management practices accounted for 39.8% of the variance in the
public bus transport firm performance. The results show that public bus transport firms practicing
strategic purchasing and supply management have improved performance. This is important to the
practitioners in the industry and other industries and the government as it implies that more emphasis
should be made on this area. The regression results indicate a high error term that should be
investigated further.
Description
Keywords
Supplier Integration, Supplier Socialization, Supply Base Flexibility, Performance, Public Bus Transport Firm.