Procurement Management Practices and Organizational Performance of Construction Firms in Nairobi County
Abstract
Worldwide aggressive nature of competitors for both independent and governmental
institutions has catalyzed automation of services to advance competitiveness in the
present day. Therefore, it becomes fundamental for firms to ensure that their
consumers obtain the best value at a worthwhile sacrifice in order to insure
contentment. Endorsing practical approaches in regard to procurement management
practices enables firms to escalate firm performance and earn a competitive
advantage. Examining the effect of procurement management practices within the
construction firms’ performance in Nairobi County was the main objective of the
study. In organizations, procurement is an expensive but important business activity.
This is due to the fact that organizations spend around 70% of their revenue on
procuring goods and services. The target population was 836 firms of which a sample
of 84 firms was taken. From 84 firms, primary data was collected using
questionnaires. The Participants who included the procurement managers returned
back 63 questionnaires. The findings revealed that procurement management practices
to a moderate extent had an effect on performance in the construction firms in
Nairobi. The study recommended that firms that had not implemented procurement
management practices should incorporate the practices into the system.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
The following license files are associated with this item: