Track: Supply Chain Management
Abstract
Procurement is one of the key processes in supply chain management. Procurement activities are intended to obtain goods or services that have the criteria of cost, quality, time delivery and safety according to the objectives of the company. Measurement of procurement performance is needed to ensure the company gets the goods/services in accordance with the criteria. There are many models of procurement performance measurement with many advantages and disadvantages. This paper contains a review of the literature on the various procurement models available and used by the company. Challenges and opportunities for further research are presented at the end of this paper