Value for money procurement and performance of public Sector organisations
No Thumbnail Available
Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
KNUST
Abstract
This study was motivated by the need to examine value for money procurement and performance in public health organizations in ghana. With public procurement accounting for a substantial portion of government expenditure, ensuring value for money is imperative for judicious resource utilization and optimal service delivery. The main objective was to assess the factors and mechanisms that promote value for money (vfm) and their relationship with vfm procurement. The theoretical framework drew on the resource-based view and institutional theory to hypothesize positive linkages between promoting factors, regulatory mechanisms, and vfm outcomes. A quantitative, survey-based approach was utilized, collecting data from 120 employees in public health organizations. Statistical analysis techniques including regression examined the hypothesized relationships. The key findings revealed that transparency, accountability, competitiveness, and professionalism have a significant positive relationship with vfm procurement, highlighting their role in enhancing value. Additionally, mechanisms like regulatory compliance, equity, efficiency, and process controls displayed a positive association with vfm procurement, underscoring the importance of structural levers in improving value. In conclusion, both intrinsic, normative factors and extrinsic, regulatory mechanisms significantly influence value for money in public sector procurement. The results provide actionable insights for policy makers and public managers to strengthen vfm procurement through multifaceted organizational and procedural interventions. The study makes a meaningful contribution by elucidating significant determinants of vfm procurement in the under-researched context of ghana's public healthcare system
Description
A thesis submitted to the department of supply chain and information systems, in partial Fulfilment of the requirements of the award of the degree of master of science in procurement and supply chain management