Influence of procurement planning and procurement procedures on value for money in selected institutions in eastern region
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Date
2023
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KNUST
Abstract
The research seeks to assess the effect of procurement planning and procurement procedures on value for money in selected institutions in Eastern Region. The sample population consists of staff and management of selected public institutions. The study used a total sample size of 102. Respondents were chosen using both purposive and convenience sampling techniques. The software utilized for data analysis was Statistical Package for Social Science version 20, and the data was interpreted using regression, percentages, mean, and standard deviation. Procurement packaging, procurement methods, procurement scheduling, budget and work planning, planning for required procurement were found to have a significant and positive effect on value for money. The study further found positive and significant relationship with tendering procedures, delivery and payment on value for money. Supplier assessment, and contract management were found to have a positive but insignificant relationship with value for money in the government institutions. It is therefore concluded that, the procurement planning adopted by the institutions in ensuring value for money have tremendously influence the institutions as the variables are making a unique contribution to effective value for money in the government institutions engaging in procurement of goods, services and works. It is worth recommending that, the variables that are not significant and not contributing to ensuring value for money pin the institutions should be given the needed attention through strategic decision making so as to ensure an overall performance of the variables with subsequent attainment of value for money.
Description
A thesis submitted to the department of supply chain and information systems in partial fulfilment of the requirements for the degree of master of science (logistics and supply chain management)