Institution: | aSIG Holding Ltd., Corporate Supply Chain Management, Laufengasse 18, 8212 Neuhausen, Switzerland bThe Herbert Quandt Endowed Chair in International Management, WHU—Otto Beisheim Graduate School of Management, Burgplatz 2, 56179 Vallendar, Germany |
Abstract: | The Balanced Scorecard (BSC), as a strategic management and control tool with an integrated set of leading and lagging performance measures, can secure successful implementation of purchasing strategies. However, the quality of the BSC itself as well as the effectiveness of the process to set up, implement, and use the BSC are crucial. Recognizing the growing importance of the purchasing-BSC (P-BSC) combined with the problems companies are facing, the authors emphasize the necessity for a better management process for purchasing strategies, introduce the P-BSC concept as a means to improve implementation success, and study the main barriers companies are facing when they initiate and use P-BSCs. This study and the recommendations how to overcome these barriers are based on seven in-depth case studies which derived from an action research project with European multinational firms. |