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Complementarities between JIT purchasing practices: an economic analysis based on transaction costs

Gonzalez-Benito, J and Suarez-Gonzalez, I and Spring, M (2000) Complementarities between JIT purchasing practices: an economic analysis based on transaction costs. International Journal of Production Economics, 67 (3). pp. 279-293. ISSN 0925-5273

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Abstract

The objective of this paper is to analyse the complementarities and interrelationships between the different JIT purchasing practices which have extended in industrial markets in recent years. The incorporation of trust as an explicative element in a framework based on Transaction Costs Economics leads us to propose that the success of logistics-related JIT purchasing practices, which fundamentally transform the physical exchange process, depends on the implementation of additional practices which transform the way of governing and controlling the relationships and which support and rely on a co-operation climate. Empirical tests carried out over a sample of 148 Spanish auto components suppliers confirm this reasoning.

Item Type: Article
Journal or Publication Title: International Journal of Production Economics
Uncontrolled Keywords: Transaction costs economics ; JIT purchasing ; Supply relationships ; Co-operation ; Trust
Subjects: H Social Sciences > HB Economic Theory
Departments: Lancaster University Management School > Management Science
ID Code: 43929
Deposited By: ep_importer_pure
Deposited On: 11 Jul 2011 19:07
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 18:54
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/43929

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