Factors Militating Against Efficient Procurement Processes in Small and Medium Enterprises Cover Image

Factors Militating Against Efficient Procurement Processes in Small and Medium Enterprises
Factors Militating Against Efficient Procurement Processes in Small and Medium Enterprises

Author(s): Sefiu Olawale Alab
Subject(s): Economy, Business Economy / Management, Micro-Economics
Published by: ASERS Publishing
Keywords: supply chain; Small and Medium businesses; procurement process; procurement efficiency;

Summary/Abstract: Procurement process is regarded as one of the critical factors in a successful supply chain management of an organization. It is one of the series of activities perform by an organization to promote the effective utilization of her scare resources in the supply chain and indeed the hallmark of an organizational success. Efficiently following the procurement processes and promoting strong adherence to the principles in an organization has been identified in the literature review as a way of successfully manage the organizational scare resource and increase the overall profit. While the processes of procurement in some of the sampled enterprises for this research were clearly highlighted for staff to follow, the extent of compliance is significantly low. Therefore, this study looks at how some of the independent variables, procurement procedures and planning, staff competence, organizational structure, information technology and allocation of resource impact the efficient procurement process which is the dependent variable. Secondary data was mainly used in this research and 97 employees representing the sample frame of 125 staff handling procurement processes in the 25 selected enterprises were used for evaluation. A systematic review of the literature was also carried out to distinguish the factors that accelerate or impede procurement processes along the supply chain of the selected small and medium businesses in Launceston, Australia and these identified factors was evaluated to provide implications for the managers and procurement team.

  • Issue Year: XV/2020
  • Issue No: 68
  • Page Range: 323-334
  • Page Count: 12
  • Language: English