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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 10
Issue Published : 114
Article Submitted : 18702
Article Published : 7876
Total Authors : 20810
Total Reviewer : 757
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| Paper Title: | EFFECTIVE SUPPLY CHAIN MANAGEMENT STRATEGIES FOR PURCHASING FUNCTIONS |
| Authors Name: | Dr. SIVAKUMAR G , PREMRAJKUMAR E |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_201255
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| Published Paper Id: | IJRTI2503071 |
| Published In: | Volume 10 Issue 3, March-2025 |
| DOI: | http://doi.one/10.1729/Journal.44134 |
| Abstract: | Effective supply chain management (SCM) is crucial for optimizing the purchasing function, ensuring that organizations can meet demand efficiently while minimizing costs. This article explores key strategies that drive success in SCM, particularly focusing on the purchasing function. The discussion covers the importance of strong supplier relationships, leveraging technology such as ERP systems and automation, and adopting sustainable procurement practices. Additionally, it highlights risk management strategies to mitigate supply chain disruptions and the role of inventory management in ensuring product availability. Negotiation strategies, performance metrics, and key performance indicators (KPIs) are also examined as critical tools for optimizing purchasing decisions. With the rise of global sourcing, addressing challenges like compliance, tariffs, and cultural differences is essential for success. By integrating these strategies, businesses can enhance operational efficiency, reduce costs, and build resilient, long-term supply chain partnerships. The article aims to provide actionable insights for professionals seeking to improve supply chain performance in the purchasing function. |
| Keywords: | Supply Chain Management, Purchasing Function, Supplier Relationships, Risk Management, Inventory Management, Negotiation Strategies, Sustainable Procurement, Performance Metrics. |
| Cite Article: | "EFFECTIVE SUPPLY CHAIN MANAGEMENT STRATEGIES FOR PURCHASING FUNCTIONS ", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 3, page no.a539-a546, March-2025, Available :http://www.ijrti.org/papers/IJRTI2503071.pdf |
| Downloads: | 000463 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2503071
Registration ID:201255
Published In: Volume 10 Issue 3, March-2025
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.44134
Page No: a539-a546 Country: -, -, India Research Area: Engineering Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2503071 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2503071 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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