| Literature DB >> 36157979 |
Prashant Kumar1, Amit Kumar Kushwaha1, Arpan Kumar Kar1, Yogesh K Dwivedi2,3, Nripendra P Rana4.
Abstract
Monitoring buyer experience provides competitive advantages for suppliers as buyers explore the market before reaching a salesperson. Still, not many B2B suppliers monitor their buyers' expectations throughout their procurement journey, especially in MSMEs and SMEs. In addition, the inductive research on evaluating buyer experience in buyer-supplier relationships is minimal, leaving an unexplored research area. This study explores antecedents of buyer experience during the buyer-supplier relationship in MSMEs and SMEs. Further, we investigate the nature of the influence of extracted precursors on the buyer experience. Firstly, we obtain the possible antecedents from the literature on buyer-supplier experience and supplier selection criteria. We also establish hypotheses based on transaction cost theory, resource-based view (RBV), and information processing view. Secondly, we employ an investigation based on the social media analytics-based approach to uncover the antecedents of buyer experience and their nature of influence on MSMEs and SME suppliers. We found that buyer experience is influenced by sustainable orientation, management capabilities (such as crisis management and process innovation), and suppliers' technology capabilities (digital readiness, big data analytical capability).Entities:
Keywords: Big data analytics; Buyer experience; Buyer–supplier relationship; Machine learning; Small and medium enterprises; Social media; Text mining
Year: 2022 PMID: 36157979 PMCID: PMC9483448 DOI: 10.1007/s10479-022-04954-3
Source DB: PubMed Journal: Ann Oper Res ISSN: 0254-5330 Impact factor: 4.820
Fig. 1Themes associated with buyer experience in the literature
Fig. 2The methodology selected for this study
Fig. 345-Topics and association between topics extracted using Latent Dirichlet Allocation
Fig. 4Decision tree showing the evolution and relationship between factors
Fig. 5A framework to evaluate the buyer experience with MSMEs
Correlation matrix presenting the relationship between each factors
| Factor | AIA | BDA | CM | CO | DR | EO | FS | FY | MQ | PF | PI | SA | SO | TI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AIA |
| |||||||||||||
| BDA | -0.012 | 1 | ||||||||||||
| CM | 0.000 | 0.001 | 1 | |||||||||||
| CO | 0.056 | 0.007 | 0.005 | 1 | ||||||||||
| DR | 0.023 | 0.006 | -0.004 | 0.001 | 1 | |||||||||
| EO | 0.024 | 0.004 | 0.006 | 0.011 | -0.006 | 1 | ||||||||
| FS | 0.028 | -0.003 | 0.015 | -0.008 | 0.000 | 0.058 | 1 | |||||||
| FY | -0.009 | -0.003 | 0.002 | 0.002 | -0.008 | 0.003 | -0.003 | 1 | ||||||
| MQ | -0.011 | -0.006 | -0.024 | 0.000 | -0.003 | -0.003 | -0.015 | -0.003 | 1 | |||||
| PF | -0.001 | -0.004 | 0.003 | -0.003 | 0.002 | -0.005 | 0.000 | -0.007 | 0.000 | 1 | ||||
| PI | 0.019 | -0.009 | 0.002 | 0.007 | 0.007 | -0.005 | -0.006 | -0.005 | -0.050 | 0.0018 | 1 | |||
| SA | 0.052 | 0.010 | -0.006 | 0.089 | 0.003 | 0.000 | 0.030 | -0.004 | -0.001 | 0.0015 | -0.004 | 1 | ||
| SO | 0.006 | -0.001 | 0.001 | 0.004 | -0.003 | -0.004 | -0.003 | -0.007 | -0.006 | -0.0017 | 0.001 | -0.002 | 1 | |
| TI | 0.011 | 0.002 | -0.001 | 0.059 | 0.003 | -0.001 | -0.001 | 0.001 | 0.002 | 0.0061 | -0.002 | -0.003 | -0.001 | 1 |
Coefficient and significance of variables on buyer experience in the buyer-supplier relationship
| Factors | Coefficient | Standard error | p-value | Status | Result |
|---|---|---|---|---|---|
| Constant | 0.1709 | 0.001 | 0.000 | Significant* | Accepted |
| AI adoption | -0.0437 | 0.004 | 0.000 | Significant* | Accepted |
| Big data Analytics | 0.249 | 0.023 | 0.000 | Significant* | Accepted |
| Crisis management | -0.0553 | 0.01 | 0.000 | Significant* | Accepted |
| Customer orientation | 0.0064 | 0.004 | 0.080 | Non significant | Rejected |
| Digital readiness | -0.2792 | 0.024 | 0.000 | Significant* | Accepted |
| Employee orientation | -0.0005 | 0.018 | 0.976 | Non significant | Rejected |
| Financial stability | -0.0367 | 0.006 | 0.000 | Significant* | Accepted |
| Flexibility | -0.077 | 0.062 | 0.217 | Non significant | Rejected |
| Management quality | 0.0743 | 0.035 | 0.034 | Significant** | Accepted |
| Perceived fairness | 0.0017 | 0.002 | 0.282 | Non significant | Rejected |
| Process innovation | -6.7119 | 1.347 | 0.000 | Significant* | Accepted |
| Service assurance | 0.0125 | 0.011 | 0.232 | Non significant | Rejected |
| Sustainable orientation | 0.0303 | 0.019 | 0.013 | Significant** | Accepted |
| Technological innovation | -0.0808 | 0.033 | 0.015 | Significant** | Accepted |
Significance level: * 99%, ** 95%
Fig. 6Validated buyer experience evaluation model for MSME sectors