The Relationship Between Purchasing Strategies and Logistics Performance in Malaysian Manufacturing
Abstract
The purpose of this research is to investigate the impact of efficient buying methods for the improvement of logistics performance within the setting of Malaysia. Through an examination of the dynamic relationship that exists between buying strategies and the performance of logistics, this abstract sheds light on the consequences that this relationship has for organisations and provides significant insights for both scholars and practitioners. We used a quantitative study approach to evaluate the association between these two factors. For the first step in the process of establishing a theoretical framework, a comprehensive assessment of the available literature was carried out. In this study, the need to align buying strategies with logistics goals was brought to light, and the potential advantages of strategic purchasing in terms of increasing overall logistics performance were emphasised. Following that, a quantitative survey was given to a representative sample of businesses that are active in the logistics sector in Malaysia. An instrument for conducting surveys was developed to collect information on a variety of buying tactics, including supplier selection, relationship management, and negotiating techniques. The findings of this study have important repercussions for companies that are active in the logistics sector in Malaysia. Companies can proactively improve their logistics performance and achieve a competitive advantage if they acknowledge the importance of strategic buying. In addition, governments and industry stakeholders may make use of these insights to build interventions that are specifically targeted and to encourage the adoption of buying techniques that are successful throughout the sector.
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About this article
Publication Date
06 May 2024
Article Doi
eBook ISBN
978-1-80296-132-4
Publisher
European Publisher
Volume
133
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-1110
Subjects
Marketing, retaining, entrepreneurship, management, digital marketing, social entrepreneurship
Cite this article as:
Chandran, S., Krishnasamy, T., Sundram, V. P. K., & Othman, A. K. (2024). The Relationship Between Purchasing Strategies and Logistics Performance in Malaysian Manufacturing. In A. K. Othman, M. K. B. A. Rahman, S. Noranee, N. A. R. Demong, & A. Mat (Eds.), Industry-Academia Linkages for Business Sustainability, vol 133. European Proceedings of Social and Behavioural Sciences (pp. 893-906). European Publisher. https://doi.org/10.15405/epsbs.2024.05.73