Research opportunities in purchasing and supply management

TLDR

Purchasing and supply management (PSM) has evolved from a routine function to a strategic driver, gaining importance amid globalization, outsourcing, and innovation‑driven supply chains, prompting increased research focus and presenting both challenges and opportunities. This article aims to identify the challenges and opportunities for future research in PSM. Using a nominal group technique with leading scholars, the authors synthesize key research themes, propose opportunities, and motivate further investigation.

Abstract

Purchasing and supply management (PSM) are crucial for the effective and efficient operation of manufacturing firms, now more than ever. The PSM function has evolved from being routine and mechanical to a function that can deliver true competitive advantage. The trend toward increased globalisation and outsourcing, along with a focus on innovation- and capability-driven supply management, has led to an increased reliance on suppliers. This has significantly enhanced the importance of PSM for manufacturing companies. The heightened significance in practice has been paralleled by an increasing attention of researchers in developing theories and chronicling best practices. At the same time, the rapid rate of change represents both daunting challenges and exciting opportunities for research in PSM. It is the goal of this article to highlight such challenges and discuss ensuing opportunities in PSM research. This objective is accomplished via the nominal group technique involving a panel of leading scholars in the purchasing and supply management field. As such, the article presents a synthesis and discussion of important research themes, poses a set of intriguing research opportunities, and serves as a motivation for future investigation.