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Procurement Strategy (procurement + strategy)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting50%

Selected Abstracts

A BUREAUCRAT'S PROCUREMENT STRATEGY: BUDGET CONSTRAINTS AND RATIONING

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 2 2007
Signe ANTHON
ABSTRACT,:,We investigate a bureaucratic principal responsible for the procurement of goods and services from private agents. The bureaucrat is evaluated on output and controlled by a limited budget. The agents maximize profit, have private information about variable production costs, and have positive outside options which are lost upon acceptance of a procurement contract. The setting is relevant for, e.g. governmental agencies. We show how this setup makes probabilistic rationing and overproduction for low-cost agents a useful tool for the bureaucrat. [source]

A Mathematical Programming Approach for Procurement Using Activity Based Costing

JOURNAL OF BUSINESS FINANCE & ACCOUNTING, Issue 1-2 2000
Zeger Degraeve
Activity Based Costing and Management are important topics in today's management accounting literature. While there has been much attention paid in the Activity Based Costing literature to customer profitability analysis, process improvement and product design, there has been far less notice taken of purchasing. In this paper we develop an Activity Based Costing approach for the determination of procurement strategies. Vendor selection using an Activity Based Costing approach is choosing the combination of suppliers for a given product group that minimizes the total costs associated with the purchasing strategy. To this end we develop a mathematical programming model where decisions involve the selection of vendors and the determination of order quantities. The system computes the total cost of ownership, thereby increasing the objectivity in the selection process and giving the opportunity for various kinds of sensitivity analysis. [source]

An agent-oriented and knowledge-based system for strategic e-procurement

EXPERT SYSTEMS, Issue 1 2004
C. F. Cheung
Abstract: This paper presents an agent-oriented and knowledge-based system (AOKBS) for strategic e-procurement. The AOKBS has been designed to capture and leverage the knowledge of an enterprise to generate dynamic business rules by which an effective procurement strategy can be generated based on enterprise needs and the analysis of relevant market conditions. The performance and practices of the suppliers can also be evaluated and captured continuously, respectively, by the AOKBS. Artificial intelligence technologies such as case-based reasoning and agent technology are incorporated for decision analysis. A prototype e-procurement system has been built and implemented successfully with a multinational manufacturer. [source]

Defining and Marketing "Local" Foods: Geographical Indications for US Products

THE JOURNAL OF WORLD INTELLECTUAL PROPERTY, Issue 2 2010
Daniele Giovannucci
What are local foods? If you do not know your local producer, then how can you know whether the product you are purchasing is local? These questions are at the heart of an emerging debate in the United States about authenticity and the value of local eating. In the United States, from the menus of its elite restaurants, to urban farmer markets, to the procurement strategy of its largest corporation, "local" is fast becoming an important food category. Several distinct forces drive its popularity and yet, in the absence of certain credence attributes to assure what indeed is local, its future is uncertain. This article explores what defines "local" and how the term is protected in trade. It suggests that intellectual property protection is underdeveloped to foster local food product designations. Cases in the United States illustrate that some viable mechanisms do exist to ensure the specific provenance of a food but that in large interconnected markets these mechanisms present some notable challenges for both producers and consumers. In its review of different approaches to protecting and fostering local food systems, the article finds that geographical indications (GIs) may be more conducive to local food systems because they are not owned but rather attributed, and, in this way, even smaller producers have access to the marketing potential of a GI label. Improving approaches to GIs in the United States, perhaps learning from the sui generis systems in other countries, could further the development, protection, and success of local products. [source]