The Effect Of Purchasing Skill On The Implementation Of Strategic Purchasing And Its Impact On Financial Performance In Restaurant Business
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Restaurant business is one of the fastest growing businesses and is increasing in number at the moment. Also noted that in 2018 food and beverage industry’s development rate reached 8.67%. Where the number exceeds the value of Indonesia national economic development. With the increasing population of people in Indonesia, the effect of demand for food and beverages has also increased. Therefore restaurant is an important type of business at this time. However, many problems occured in restaurants which related to the amount of procurement costs that occur in the budget plan. There is no research that explains the steps to improve financial performance through procurement. Therefore, this study was conducted to look at the relationship between the ability of employees in procurement to strategic purchasing and its impact on the financial performance of restaurants. After the research finished, it will give advice and recommendations to the restaurant to improve its performance. This research uses Structural Equation Modeling-Partial Least Square method with a sample of 60 restaurants in Semarang. After the research, it was found that the ability that would improve the implementation of strategic purchasing and improve the financial performance of the restaurant was technical knowledge. And also by implementing strategic purchasing the financial performance will also improve.
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