Abstract

The aim of this study is to explore the key issues and best practices of procurement management for engineering projects in state-owned machinery manufacturing enterprises. Through a comprehensive analysis of existing research progress and practical experiences, we found that procurement strategy, supplier selection, negotiation skills and risk management are the key factors affecting the effectiveness of procurement management. Best practices include good cooperative relationships with suppliers, market intelligence collection and analysis, and the application of information technology. However, state-owned machinery manufacturers still face challenges in procurement management such as supply chain disruptions, market competition and changes in regulations and policies. Future research should focus on how to address these challenges and improve the efficiency and quality of procurement management.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.