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Role of E-Procurement Strategy in Enhancing Procurement Performance in State Corporations in Kenya

Journal: International Journal of Science and Research (IJSR) (Vol.2, No. 11)

Publication Date:

Authors : ; ; ;

Page : 421-426

Keywords : competitive; globalized business environment; e-procurement; operational costs;

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In a competitive and globalized business environment, corporate sectors and business houses need to be at breast with new technological developments as well as manage reduction of operational costs while meeting the organizational goals and objectives. Since the internet arrived on the scene as a supply management tool in the mid-1990s enterprises have tried to gain the benefit e-procurement can deliver: cost reduction, process streamlining, improved contract compliance, increased spend under management, and more. However many challenges stood in the way and only in the recent years have leading enterprises taken full advantage of the value of e-procurement systems. As a higher percentage of enterprise spend and more spend categories flow through e-procurement systems, greater cost savings and other benefits are realized. E-procurement technology and other advanced technologies essentially are freeing procurement professionals to become true supply managers at these enterprises, and the role of procurement is shifting from reducing costs to creating supply value for the company. A descriptive research design will be used in this study. A questionnaire was used for collecting date. Quantitative data was analyzed by employing descriptive statistics and inferential analysis using statistical package for social science (SPSS). This technique gives simple summaries about the sample data and present quantitative descriptions in a manageable form.

Last modified: 2021-06-30 20:23:15