Research on procurement management of engineering projects in state-owned machinery manufacturing enterprises

Abstract

The aim of this study is to explore the key issues and best practices of procurement management for engineering projects in state-owned machinery manufacturing enterprises. Through a comprehensive analysis of existing research progress and practical experiences, we found that procurement strategy, supplier selection, negotiation skills and risk management are the key factors affecting the effectiveness of procurement management. Best practices include good cooperative relationships with suppliers, market intelligence collection and analysis, and the application of information technology. However, state-owned machinery manufacturers still face challenges in procurement management such as supply chain disruptions, market competition and changes in regulations and policies. Future research should focus on how to address these challenges and improve the efficiency and quality of procurement management.