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Emerging issues of procurement management: a review and prospect

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  • Paul Hong
  • He-Boong Kwon

Abstract

Increasingly, procurement management is becoming a strategic priority of firms for their sustainable competitive advantage in turbulent times. In today's dynamic market environment, procurement is positioned as a critical integrative business process and its focus has been extended from short term cost minimisation to long term value creation and delivery. In this paper, we examine a major procurement literature and present a framework that suggests evolving patterns of strategic procurement practices of firms. This review of articles published in major journals about procurement management shows that procurement literature has evolved from specialised functional orientation to more integrative and strategic approaches. This article provides summaries of the procurement literature in terms of its key dimensions and emerging patterns. Future research issues are discussed.

Suggested Citation

  • Paul Hong & He-Boong Kwon, 2012. "Emerging issues of procurement management: a review and prospect," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 5(4), pages 452-469.
    • Handle: RePEc:ids:ijpman:v:5:y:2012:i:4:p:452-469
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    Cited by:

    1. Golub V. Marković & Marko M. Mihić, 2022. "Strategic Turnaround in the Paper Industry: A New Model for the Procurement of Recycled Paper," Sustainability, MDPI, vol. 14(3), pages 1-20, January.

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