Impact of Procurement Procedures on the Operation of Kenya Commercial Banks: A case study of Garissa Branch.
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Date
2011-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
The process of procurement usually begins when the procurer starts to search the market for
bidders. After identifying the suppliers, a request for bids, proposals, quotes, and information can
be ~ade. However, direct contact with bidders can also· be made instead of advertising the above
requests. After selecting the suitable bidders, a quality check is essential in order to confirm the
suitability of the goods in question. The next step would be negotiation of the terms, conditions,
quality, and delivery schedules. Logistics and payment are the next two important processes that
determine the safe delivery and the payoff of goods
The objectives of the study were to establish the procurement practices current used at Kenyan
commercial banks, to assess the effectiveness of the practices and to find out employees
perception on the procurement practices.
The methodology used involved descriptive research design seeking to explore the procurement
practices in Kenya commercial bank. The study targeted 25 employees who were employed in
the procurement department. Primary data was collected using structured questionnaires. · Data
was then analysed and presented using tables and graphs to provide a clear understanding.
From the study, the researcher found that KCB need to carefully improve its procurement system
so as to face the challenges and become more efficient. The study also recommended that there
should be more coordination between the senior staff and other employees so as to develop
proper support between the management and other staffs.
Description
A dissertation submitted in Partial Fulfillment
of the Requirements for the Award of Degree
in Supply and Procurement of
Kampala International
University.
Keywords
Procurement Procedures, Commercial Banks, Impact, Kenya.