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VOL. 9, ISSUE 4 (2024)
The role of supplier relationships and regulatory barriers in E-procurement adoption in Indian tea factories
Authors
Meenu Singh, Dr. Brijesh Tiwari
Abstract
Implementation of e-procurement technologies
at Indian tea factories would bring increased transparency to relationships
with suppliers, reduce prices, and improve efficiency in the procurement
process. The execution is however influenced by the very crucial elements of
cost perceptions, technology preparedness, and cooperation of the suppliers. In
this research study, the authors examine the significant factors so that the
adoption barriers and enablers of e-procurement are established. The results
reveal that 67.2% of respondents feel that supplier collaboration is well
integrated into digital procurement systems, pointing to the role of solid and
trustworthy supplier relationships in driving adoption. A positive outlook for
digital transformation is also provided by the fact that 68.3% of respondents
indicated that they are ready to adopt e-procurement technologies, despite
resistance and infrastructure constraints. This assumes that 61.7% of
respondents confirm that e-procurement is a cost-effective alternative further
supports its integration in the procurement process and lessening financial
pressures. The fact that a large percentage of respondents are neutral or
skeptics, however, indicates that they are questioning the financial impact of
e-procurement, the complexity of regulatory compliance, and digital
capabilities of suppliers. For digital procurement to be effective in the
Indian tea business, these issues will have to be addressed through some
strategic interventions of supplier training, regulatory uniformity, and even
cost-benefit awareness campaigns.
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Pages:44-48
How to cite this article:
Meenu Singh, Dr. Brijesh Tiwari "The role of supplier relationships and regulatory barriers in E-procurement adoption in Indian tea factories". International Journal of Advanced Education and Research, Vol 9, Issue 4, 2024, Pages 44-48
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