| dc.description.abstract | The objective of the study was to establish the factors affecting procurement lead-time and
operational performance in state owned financial institutions in Kenya. The research adopted
a descriptive research design where data was collected using a self-administered questionnaire
that was distributed to 55 senior and middle level managers at the organization researched on.
The results show that that inadequate financing to the firm’s procurement process, staff
capacity to effect procurement and stringent public procurement procedures were found to be
an impediment to successful management of the procurement process. In addition, a lack of
adequate enforcement of ethical code of contact by staff and other actors in the supply chain
was found to delay the processing of tenders and the eventual delivery of the products or
services. The limitation of the study was that it did not account for certain behavioral factors –
related to employees’ and managers’ characteristics, attitudes, and experience levels – as well
as organizational factors – such as structure, size, and business nature – that play a moderating
role in the relationships highlighted in this study. The recommendation of the study was that
senior management must consider their internal procurement processes, and their own role in
championing efficient procurement in their organizations. There is need to increase the
funding process of the organization towards the lead time management. The government has a
role to play in ensuring successful enforcement of all procurement laws since the problem is
not a lack of the laws but the circumventing of the laws by the parties for their own selfish
gains. | en_US |
