Abstract
Governments in both affluent and developing countries employ procurement strategies to decrease costs, resulting in large cash outflows that have a substantial influence on their economy. However, especially in the public sector, public procurement practices are usually disregarded in terms of their impact on an organization's success. As a result, utilizing Metropolitan, Municipal, and Distract Assemblies (MMDAs) in Ghana's Ashanti Region as case study institutions, it is unavoidable to investigate public sector procurement practices and their impact on organizational performance. The survey study design was used to map out the data collection process. A purposively sampled cohort of 113 people was used to administer the questionnaire. Using the Probit Regression Model, the study claims that procurement practices such as planning, sourcing, and contract management have a substantial positive link with organizational success. Given the interdependence of all dimensions of procurement practices, procurement practitioners are urged to give each factor proportionate attention to improve organizational performance.
Highlights
Public procurement is seen as a profession that is critical to the effective management of public resources all over the world
Effects of Procurement Planning on Organizational Performance The results of Pearson correlation tests conducted on procurement planning and organizational performance show that there was a positive correlation between procurement planning and organizational performance
The result of the regression analysed suggests that there is a positive correlation between procurement planning and organizational performance
Summary
Public procurement is seen as a profession that is critical to the effective management of public resources all over the world. Most countries have realized the importance of procurement as a vulnerable sector to mismanagement and corruption [29] Public procurement, at the local government level, has been identified as a key area where corruption is believed to be widespread [28] Following these events, Ghana's procurement practices have been reformed with the goal of minimizing corruption and ensuring value for money and efficiency in procurement processes. Procurement practices are defined by [16] as a series of activities carried out by an organization to achieve effective supply chain management. To support this claim, it is critical that public sector institutions adhere to the fundamentals of basic procurement processes, of which contract management is a key component. What [1] has talked about (opportunism in Agency Theory) will be a profitable idea to hide beneath if regarded indifferently. [1] claims that opportunism usually takes more nuanced forms, involving actions and inactions taken ex-ante (before the contract is signed), in tract (during the fulfillment of contract's obligations), and ex-post (after the contract has been signed) (after the contract is signed)
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