Strategic Procurement and Performance of University College Hospital (UCH), Ibadan
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2022-12
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Lead City University
Abstract
The procurement system invariably suffers various forms of malpractices and unethical conduct which includes high incidence of vested interest, contract inflation, delay in suppliers’ payment and increased procurement cycle. The review explored the effect of strategic procurement on performance of University College Hospital (UCH), Ibadan. Theories considered relevant to this study are systems, balanced scorecard, agency and social exchange theory. Descriptive and survey design was embraced for the review. The populace in the review contained 158. A stratified sampling technique was used and the strata’s are procurement, stores, payment units (Account) and the different end users department. An organized poll was directed. The instrument was approved and information assembled was broke down utilizing mean, standard deviation and correlation analysis. Out of the 158 polls directed, 136 were recovered (86% reaction rate). The review discovered that negotiation management (mean worth 4.2581), competitive bidding (mean worth 4.2581), suppliers’ relationship management (mean worth 4.3065), green procurement (mean worth 4.3145) and strategic procurement indices utilizing correlation co-efficient: (negotiation the management 0.737, competitive bidding 0.230, suppliers' relationship management 0.311 and green procurement 0.214) were found to have an effect on organizational performance of UCH. The study subsequently inferred that strategic procurement practices are proactive in nature and a panacea to organizational performance. It was suggested that there is need for UCH to organize trainings, capacity buildings, provide more financial resources for the acquisition of substitute products and public awareness on the need to conserve the environment through green procurement.
Keywords: Competitive Bidding, Green Procurement, Negotiation Management, Strategic Procurement, Suppliers’ Relationship Management
Word Count: 244
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Kate Turabian