Research on the Advantages of Strategic Centralized Procurement of Large Real Estate Enterprises

Authors

  • Jinyan Lu College of Graduate Studies, Walailak University, Nakhon Si Thammarat 80160, Thailand
  • Hira Batool College of Graduate Studies, Walailak University, Nakhon Si Thammarat 80160, Thailand

Keywords:

Procurement management, Strategic centralized procurement, Real estate, Supplier

Abstract

With the increasing competition in the real estate market and the macro-control of policies, the real estate industry gradually tends to have a cross-regional and large-scale development trend. At present, centralized procurement has become one of the real estate enterprises save procurement costs, the effective way to expand profits, so this paper based on strategic centralized procurement in real estate application, to which materials and equipment for centralized procurement mode, this problem for in-depth research, and for the real estate enterprises implement centralized procurement problems, put forward suggestions to improve the efficiency of centralized procurement. It is found that large real estate enterprises can effectively reduce the procurement cost of building materials and the unilateral cost of real estate projects, improve product quality and achieve brand effect through centralized procurement, which has become the most effective way for large real estate enterprises to expand profits. In the same time, the centralized procurement mode is not applicable to all materials and equipment. Blind implementation of centralized procurement will lead to the advantages of centralized procurement and even affect the progress of project construction.

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Published

2022-07-12

How to Cite

Lu, J. ., & Batool, H. . (2022). Research on the Advantages of Strategic Centralized Procurement of Large Real Estate Enterprises. Science, Technology, and Social Sciences Procedia, 2022(2), CiM01. Retrieved from https://wjst.wu.ac.th/index.php/stssp/article/view/25663