Browsing by Author "Asiimwe, Deborah"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    The effect of strategic procurement practices on organizational performance: a case study of ecobank Uganda, Kampala by name:
    (Kampala International University, College of Economics and Management, 2017-05) Asiimwe, Deborah
    Procurement is increasingly becoming one of the critical and strategic functions of every organization, with the potential to contribute positively to the success of operations leading to reliable service delivery and competitiveness. Strategic procurement indeed sets in motion the entire acquisition/ procurement process of all the purchases by the commercial banks. Despite this importance very limited scientific research has been done to examine the extent to which efforts in strategic procurement affect procurement performance among the commercial banks in Uganda. This study looked at the effect of strategic procurement practices on organizational performance of ECO bank, Kampala. Specifically the study reviewed six strategic procurement practices and how they contribute to success of procurement function in ECO bank, Kampala. The practices discussed mainly comprised; clear goal identification and setting memorable objectives, development of strategies and tactics, supplier relationship management plan, measurement plan, category management and spend management plans and technology utilization and how they affected the procurement performance of ECO bank, Kampala. It was hypothesized in the study that strategic procurement practices, positively affect the procurement performance of ECO bank, Kampala. Empirical data was collected from 39 staff of ECO bank, Kampala branches, out of targeted population of 43. The empirical data was analyzed both quantitatively and qualitatively to examine the relationships between strategic procurement practices and procurement performance. The key findings of the study indicated that only nineteen percent (19%) of the variation in procurement performance were explainable by the six procurement practices. Despite this low significance in the relationship between the variables, we recommended that the existing procurement practices be revised and strengthened to further improve bank procurement performance. Further research was recommended to cover other strategic procurement attributes hence improving the significance of the whole model.