A Re-appraisal of Procurement Management Practices and Vendor Performance: A Case of Oil Producing Firms in Rivers State

AKUBUKO, Godwin C. and OBODO, N.A and MUSA, Abdullai Alliakhue and JIMOH, Awwal (2019) A Re-appraisal of Procurement Management Practices and Vendor Performance: A Case of Oil Producing Firms in Rivers State. International Journal of Advanced Academic Research | Social and Management Sciences, 5 (11). pp. 72-88. ISSN 2488-9849

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Abstract

Procurement management implies sorting desirable strategic approach to supply chain relationship that can advance efficient product quality, profitability, and cost effectiveness. This study aimed to establish how procurement management practices impact on vendors’ performance using oil producing firms in Rivers State of Nigeria as case study. Ten out of the twenty registered oil firms were purposively selected based on their sizes. Particularly, attentions were on product quality, profitability level and cost effectiveness of the firms as factors standing in for vendors’ performance. The survey approach was adopted for the study with emphasis on the use of questionnaire, while the chi square statistical tool was employed to analyze data generated through the questionnaire. The result of the study showed that on a general note, significant relationship exists between procurement management practices and vendors’ performance as each of the examined area of vendors’ impact such as product quality, profitability level and cost effectiveness proved to be significantly related to procurement management practices of the firms. Suggestions were however made as to further improve the impact of procurement management in the firms. These include focusing more attention on cost management while at the same time not losing focus on product quality and profitability.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 25 Feb 2020 13:11
Last Modified: 25 Feb 2020 13:11
URI: http://eprints.gouni.edu.ng/id/eprint/2546

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