The International Federation of Procurement and Supply Management (IFPSM) is pleased to announce the recipient of the inaugural IPSERA-IFPSM Relevance Paper Award, presented during the IPSERA 2026 Conference in Helsinki, Finland.
The award was established jointly by IFPSM and the International Purchasing and Supply Education and Research Association (IPSERA) to recognize research that demonstrates exceptional relevance to procurement and supply management practice while maintaining the highest academic standards.
Following a rigorous review process, the award was presented to the paper: "Understanding the Connection Between Purchase-to-Pay and Value Capture: A Matter of Mundane Transaction Costs."
The winning paper was selected for its outstanding contribution to bridging the gap between research and practice. The study provides valuable insights into how purchase-to-pay processes influence value capture within organizations, highlighting the often-overlooked impact of transaction costs on procurement performance and organizational outcomes.
The IPSERA-IFPSM Relevance Paper Award reflects a shared commitment to ensuring that academic research delivers meaningful benefits to practitioners, organizations, and society. By recognizing work with practical applicability and strategic importance, the award aims to encourage closer collaboration between researchers and professionals and promote evidence-based approaches to procurement and supply management.
As procurement and supply chain functions continue to evolve in response to technological change, sustainability requirements, and increasing global complexity, research that offers actionable insights is more important than ever. The winning paper exemplifies the type of impactful scholarship that can support better decision-making and contribute to the advancement of the profession worldwide.
IFPSM congratulates the authors of the winning paper and extends its appreciation to all researchers whose work was considered for the award. The quality of submissions highlights the growing importance of research that combines academic excellence with practical relevance for the procurement and supply management community.
Through initiatives such as the IPSERA-IFPSM Relevance Paper Award, IFPSM continues to support knowledge exchange, innovation, and professional development across its global network, strengthening the connection between research, education, and practice.
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