The impact of procurement digitalization on supply chain resilience: empirical evidence from Finland
Supply Chain Management
; 28(7):62-76, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2315204
ABSTRACT
PurposeThe purpose of this study is to investigate the role of procurement digitalization in reducing uncertainty in the supply chain (SC) and how it relates to mitigating SC risks and improving SC resilience (SCRES).Design/methodology/approachBased on survey data collected from the procurement functions of 147 Finnish firms, this study conceptualizes data analytics, information sharing and procurement process digitalization as drivers of procurement digitalization and investigates their impact on SC risk management and SCRES by using partial least squares path modeling.FindingsProcurement digitalization through data analytics and digital process maturity requires effective information sharing among SC partners and SC risk management to be able to improve SCRES. Procurement digitalization increases information-processing capacities and reduces uncertainty in the SC.Originality/valueThis study contributes to the understanding on the relationships between procurement digitalization and SCRES.
Business And Economics--Management; Procurement digitalization; Supply chain resilience; Data analytics; Information sharing; Information processing theory; Data analysis; Big Data; Electronic procurement; Risk management; Management decisions; Resilience; Procurement; Decision making; Alliances; Information processing; Empirical analysis; Coronaviruses; Uncertainty; Digitization; Digital technology; Supply chains; COVID-19
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
Language:
English
Journal:
Supply Chain Management
Year:
2023
Document Type:
Article
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