Procurement Management in Retail Chains for Household Goods in Bulgaria

This paper explores procurement management practices in the retail chains that specialize in buying, selling, or exchanging goods or services in the market of furnishings, household equipment and routine household maintenance in Bulgaria. As multinational retail giants continue to expand their operations in the country, effective procurement strategies are becoming a key factor in maintaining a competitive advantage, ensuring correct stock availability and cost optimization. The study purpose is to analyze the procurement processes at leading retailers in the industry and to emphasize the role of ERP systems as a main technology for optimizing ordering activities and integrating sustainable sourcing practices. The findings show that successful procurement management in this sector depends on a strategic approach, which includes long-term partnership with key suppliers, optimizing inventory management and implementing modern digital tools.

Authors

Publication Details

Journal
Izvestia Journal of the Union of Scientists - Varna Economic Sciences Series
Published
2024-10-01
DOI
https://doi.org/10.56065/ijusv-ess/2024.13.1.332
Primary Topic
Public Procurement and Policy
Type
article
Field-Weighted Citation Impact
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article

Procurement Management in Retail Chains for Household Goods in Bulgaria

Yordan Atanasov
Izvestia Journal of the Union of Scientists - Varna Economic Sciences Series
Public Procurement and Policy
article

Procurement Management in Retail Chains for Household Goods in Bulgaria

Yordan Atanasov
article en

Abstract

This paper explores procurement management practices in the retail chains that specialize in buying, selling, or exchanging goods or services in the market of furnishings, household equipment and routine household maintenance in Bulgaria. As multinational retail giants continue to expand their operations in the country, effective procurement strategies are becoming a key factor in maintaining a competitive advantage, ensuring correct stock availability and cost optimization. The study purpose is to analyze the procurement processes at leading retailers in the industry and to emphasize the role of ERP systems as a main technology for optimizing ordering activities and integrating sustainable sourcing practices. The findings show that successful procurement management in this sector depends on a strategic approach, which includes long-term partnership with key suppliers, optimizing inventory management and implementing modern digital tools.

Izvestia Journal of the Union of Scientists - Varna Economic Sciences SeriesVol. 13(1)
Openalex Percentile: Top 51%
Public Procurement and Policy
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