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Research for academic issue the students of TCPSM

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9 views

komba

Research for academic issue the students of TCPSM

Uploaded by

KiGRAPHIX Designer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Organisational success is greatly impacted by the efficiency of

procurement procedures, with supplier relationship management (SRM)


emerging as a critical component. With a focus on the relationships
between businesses and their suppliers, this study investigates how SRM
affects procurement efficiency. In order to achieve efficient operations,
cost savings, and on-time delivery, SRM incorporates tactics and
procedures meant to promote cooperative, open, and mutually beneficial
partnerships.

The study emphasises how effective supply chain risk management (SRM)
procedures shorten lead times, improve supplier dependability, and
increase procurement efficiency. Additionally, it looks at important
components including trust, communication, performance tracking, and
the use of technology in supplier engagement.

The study examines data from a range of industries using both qualitative
and quantitative approaches to find common problems and effective
practices. According to the results, companies that prioritise SRM see
improvements in cost control, operational performance, and flexibility in
response to changes in the market.

According to this abstract, supply chain management (SRM) is a strategic


method that improves procurement efficiency and promotes competitive
advantage and long-term value development. Among the suggestions
include funding supplier development initiatives, implementing cutting-
edge SRM software, and setting precise performance standards for
ongoing enhancement.
Target population

Target Population

The target population for this research comprises procurement


professionals, supply chain managers, and key decision-makers within
organizations across various industries. This includes manufacturing,
retail, healthcare, and service sectors. The focus is on organizations that
actively engage in supplier relationship management practices, ensuring
insights from professionals with relevant expertise.

Sampling Design

A stratified random sampling design will be employed to ensure


representation from different industries and organizational sizes. The
strata will include:

1. Industry Type: Manufacturing, retail, healthcare, services, etc

2. Organization Size: Small, medium, and large enterprises.

3. Geographical Location: To capture diverse perspectives, regions or


countries will be stratified if the research spans multiple areas

After stratification, random sampling will be conducted within each


stratum to select participants, ensuring a diverse yet balanced
representation.

Sample Size

To achieve a statistically significant analysis, the sample size will be


determined using the Cochran formula:

n = \frac{Z^2 \cdot p \cdot (1-p)}{e^2}

Where:

: Z-score for a 95% confidence level (1.96)

: Estimated proportion of the population practicing SRM (assumed 50% for


maximum variability, )

: Margin of error (e.g., 5%, )

Using this formula, the sample size () will be approximately 384


participants for a large population. Adjustments will be made if the total
population is finite, and non-response rates (e.g., 10-15%) will be
accounted for by increasing the initial sample size to approximately 450
respondents.
This design ensures the sample is both representative and sufficient for
deriving meaningful conclusions about the relationship between supplier
management and procurement efficiency.

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