Article | Principles of Purchases

Running head: PRINCIPLES OF PURCHASES
PRINCIPLES OF PURCHASES
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Author Note

PRINCIPLES OF PURCHASES
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The articles present an exhaustive study regarding Purchasing and Supply
Management. Purchasing and Supply Management is a strategic method for planning and
assessing the current, future and past needs of organizations through the effective
management of supply base. The researchers depicted that a product undergoes a long path
when considered from the stage of manufacturing to the consumers, with the assistance of
Purchasing and Supply Management, where the significant decisions such as quality,
scheduling and costing are deduced. These decisions can lead to the indication of customers’
willingness to purchase and will majorly affect the sales and revenue of organizations. These
research papers have been structured depending on the literature gap regarding the topic of
PSM.
The limitations addressed by the papers is that the data present are not up to date with
the changing trends of the disciple. In the article Past, present and future trends of purchasing
and supply management: An extensive literature review, Spina et al. (2013) aimed at
eliminating the evident gap between Purchasing and Supply Chain and existent Literature
studies. For structuring the investigation on understanding the literature studies regarding
PSM, the systematic methodology that has been identified, which comprises of steps
including, source identification, selection of the source, evaluating the source and analyzing
the findings. The article depicting the trends of Past, present and future of PSM assessed the
existent source of LR for PSM by constructing Microsoft Access database which presented
the data of 1055 papers. The analysis of the source was assessed by the method of
calculations of the absolute cumulative quantity of the papers, which focusses on cross-
sectional assessment and longitudinal assessment. The findings of the articles depicted the
evolution of the scientific production of PSM. The articles deduced that the research on the
concept of PSM had evolved progressively by implementing exploratory concentration on the
process of constructing theory building with state of testing. The research approach in an
article investigating about the changing trends of the concept of PSM reflected the