An Integrated Model of Digital Adoption, Strategic Sourcing, Inventory Management and Procurement Excellence Driving Firm Performance

This empirical research of 325 industrial managers investigates the interrelationships between digital adoption, strategic sourcing, inventory management, procurement excellence and firm performance.Statistical analysis using structural equation modeling demonstrates digital adoption, strategic sourcing and inventory management positively influence firm performance directly as well as indirectly through enhancing procurement excellence.The findings theoretically enrich the research on leveraging organizational capabilities towards competitive advantage.For business practice, results signify synchronously improving technology assimilation, supply chain partnerships and material flows alongside procurement best practices allows companies to fully optimize operational and financial outcomes.Uniquely, the integrated model advances understanding of the synergistic mechanisms underlying successful strategy execution.