EFFICIENT PROCUREMENT LEADS TO BOTTOM LINE MAXIMIZATION IN TEXTILE SECTOR OF PAKISTAN

Abstract

Purpose The aim of research is to determine the impact of ERP in procurement and its impact on performance of the firm. Procurement is one of the major components of the firm which helps in saving significant cost. The factors of ERP will help in improving the performance of the organization mainly in following factors: Cost reduction, quality management, transparency & Time saving. The previous researches have also endorse these factors as, they improves the process of procurement in a firm. Methodology The research is quantitative in nature and following deductive approach. The data for the research is gathered from sample of 200 respondents gathered from distributing questionnaire. Regression is applied on the test to check the relationship and impact between the variables. Findings The findings form the research shows that, all the variables have significant impact on the firm’s procurement performance. However, ERP implementation leads to improvement in quality has the highest impact on performance of procurement among all.