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Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry

This paper reviews critique of procurement approaches within the petroleum and natural gas sectors, whilst concurrently unveiling and scrutinizing the elements that amplify and shape the buyer-supplier interactions within this industry. The primary objective of this review is to redefine procurement...

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Main Authors: Alhammadi, Ali, Soar, Jeffrey, Yusaf, Talal F., Ali, Bashar Mahmood, Kadirgama, Kumaran
Format: Article
Language:English
Published: Elsevier Ltd 2023
Subjects:
T Technology (General)
TA Engineering (General). Civil engineering (General)
TJ Mechanical engineering and machinery
TL Motor vehicles. Aeronautics. Astronautics
Online Access:http://umpir.ump.edu.my/id/eprint/38896/1/Redefining%20procurement%20paradigms_A%20critical%20review%20of%20buyer-supplier%20dynamics.pdf
http://umpir.ump.edu.my/id/eprint/38896/
https://doi.org/10.1016/j.exis.2023.101351
https://doi.org/10.1016/j.exis.2023.101351
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spelling my.ump.umpir.388962023-10-31T06:22:09Z http://umpir.ump.edu.my/id/eprint/38896/ Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry Alhammadi, Ali Soar, Jeffrey Yusaf, Talal F. Ali, Bashar Mahmood Kadirgama, Kumaran T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics This paper reviews critique of procurement approaches within the petroleum and natural gas sectors, whilst concurrently unveiling and scrutinizing the elements that amplify and shape the buyer-supplier interactions within this industry. The primary objective of this review is to redefine procurement paradigms in the global petroleum and natural gas industry by reassessing the dynamics between buyers and suppliers. The findings from our study reveal a noticeable gap in the literature concerning the fortification of buyer-supplier relationships in the petroleum and natural gas sector. While existing studies offer valuable insights into procurement trends, they significantly lack focus on strengthening these key relationships. This could be considered a limitation in the existing body of work, suggesting a need for targeted research in this area. The existence of certain strategies that have proven to enhance supplier partnerships offers a promising avenue for future research. The implications of these findings are twofold. First, organizations in the petroleum and natural gas industry may need to revaluate their F to include a greater focus on buyer-supplier relationship management. Second, academic researchers may consider developing targeted studies that delve into the impacts of these relationships on procurement efficiency and organizational performance. The limitations of this study include the availability of industry-specific reports and the potential for subjectivity in interpreting qualitative data. Future research should aim to mitigate these limitations by employing a more diverse range of data sources and analytical techniques. Elsevier Ltd 2023-12 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/38896/1/Redefining%20procurement%20paradigms_A%20critical%20review%20of%20buyer-supplier%20dynamics.pdf Alhammadi, Ali and Soar, Jeffrey and Yusaf, Talal F. and Ali, Bashar Mahmood and Kadirgama, Kumaran (2023) Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry. Extractive Industries and Society, 16 (101351). pp. 1-11. ISSN 2214-790X. (Published) https://doi.org/10.1016/j.exis.2023.101351 https://doi.org/10.1016/j.exis.2023.101351
institution Universiti Malaysia Pahang Al-Sultan Abdullah
building UMPSA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang Al-Sultan Abdullah
content_source UMPSA Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic T Technology (General)
TA Engineering (General). Civil engineering (General)
TJ Mechanical engineering and machinery
TL Motor vehicles. Aeronautics. Astronautics
spellingShingle T Technology (General)
TA Engineering (General). Civil engineering (General)
TJ Mechanical engineering and machinery
TL Motor vehicles. Aeronautics. Astronautics
Alhammadi, Ali
Soar, Jeffrey
Yusaf, Talal F.
Ali, Bashar Mahmood
Kadirgama, Kumaran
Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
description This paper reviews critique of procurement approaches within the petroleum and natural gas sectors, whilst concurrently unveiling and scrutinizing the elements that amplify and shape the buyer-supplier interactions within this industry. The primary objective of this review is to redefine procurement paradigms in the global petroleum and natural gas industry by reassessing the dynamics between buyers and suppliers. The findings from our study reveal a noticeable gap in the literature concerning the fortification of buyer-supplier relationships in the petroleum and natural gas sector. While existing studies offer valuable insights into procurement trends, they significantly lack focus on strengthening these key relationships. This could be considered a limitation in the existing body of work, suggesting a need for targeted research in this area. The existence of certain strategies that have proven to enhance supplier partnerships offers a promising avenue for future research. The implications of these findings are twofold. First, organizations in the petroleum and natural gas industry may need to revaluate their F to include a greater focus on buyer-supplier relationship management. Second, academic researchers may consider developing targeted studies that delve into the impacts of these relationships on procurement efficiency and organizational performance. The limitations of this study include the availability of industry-specific reports and the potential for subjectivity in interpreting qualitative data. Future research should aim to mitigate these limitations by employing a more diverse range of data sources and analytical techniques.
format Article
author Alhammadi, Ali
Soar, Jeffrey
Yusaf, Talal F.
Ali, Bashar Mahmood
Kadirgama, Kumaran
author_facet Alhammadi, Ali
Soar, Jeffrey
Yusaf, Talal F.
Ali, Bashar Mahmood
Kadirgama, Kumaran
author_sort Alhammadi, Ali
title Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
title_short Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
title_full Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
title_fullStr Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
title_full_unstemmed Redefining procurement paradigms: A critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
title_sort redefining procurement paradigms: a critical review of buyer-supplier dynamics in the global petroleum and natural gas industry
publisher Elsevier Ltd
publishDate 2023
url http://umpir.ump.edu.my/id/eprint/38896/1/Redefining%20procurement%20paradigms_A%20critical%20review%20of%20buyer-supplier%20dynamics.pdf
http://umpir.ump.edu.my/id/eprint/38896/
https://doi.org/10.1016/j.exis.2023.101351
https://doi.org/10.1016/j.exis.2023.101351
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score 13.23243

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