The key aspects of procurement in project management: Investigating the effects of selection criteria, supplier integration and dynamics of acquisitions.
By Buzzetto, R. R., Bauli, M. R., & de Carvalho, M. M.
Buzzetto, R. R., Bauli, M. R., & de Carvalho, M. M. (2020). The key aspects of procurement in project management: Investigating the effects of selection criteria, supplier integration and dynamics of acquisitions. Production, 30(7), e20190112. https://doi.org/10.1590/0103-6513.20190112
This peer-reviewed study investigates the fundamental components of procurement within the context of project management, focusing specifically on how supplier selection criteria and integration influence project outcomes. The authors utilize empirical research methods to analyze the dynamics of acquisitions and their direct impact on operational efficiency and risk mitigation. By exploring the strategic alignment between project objectives and procurement practices, the paper highlights the critical role of robust supplier relationships and collaborative supply chains. The findings suggest that carefully calibrated selection metrics and early supplier involvement significantly enhance overall project success rates. This research is highly relevant for project managers and supply chain professionals aiming to refine their procurement frameworks and improve acquisition strategies.