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Factors Influencing Procurement in the Oil Industry in Kenya
| Content Provider | Semantic Scholar |
|---|---|
| Author | Hussein, Yussuf Adan Guyo, Wario |
| Copyright Year | 2019 |
| Abstract | The general purpose was to investigate the factors influencing procurement process in the oil Industries in Kenya with a specific look at National Oil Corporation in Kenya. The study used a descriptive research design. The target population of this study was all the 245 staff of all departments (Finance & Administration, Operations, Supply Planning, Procurement, ICT, Human Resources) of the national oil corporation headquarters located at Mamlaka road. The method of data collection was through questionnaires as the main data collection instrument. Content analysis was used to test data that was qualitative in nature or aspect of the data collected from the open ended questions. Quantitative data was analyzed by use of SPSS (Statistical Package for Social Sciences) to depict variable characteristics. In addition, descriptive statistics and inferential statistics were used to analyze quantitative data. Descriptive statistics such as frequencies and percentages and augmented with measures of central tendency (means) and dispersion (standard deviation) was used. In addition, inferential statistics analysis was conducted. Pearson’s product moment correlation analysis was used to assess the relationship between the variables while multiple regressions were used to determine the predictive power of the factors on the procurement performance. It was notable that there exists a strong positive relationship between the independent variables and dependent variable by R value (0.876). The coefficient of determination (R 2 ) explained the extent to which changes in the dependent variable can be explained by the change in the independent variables or the percentage of variation in the dependent variable and the four independent variables that were studied explained 76.70% of the procurement performance as represented by the R 2 . This therefore meant that other factors not studied in this research contributed 32.20% to the procurement performance. There is need to further put in place structures that would enable the full implementation of the laws and regulations regarding communication within the department which would lead in reduced lead time. There is need for the organization to ensure that there is continuous on job training to enhance implementation of rules and regulations and the fairness and equitableness of formal courses offered to the staff thus enhanced quality improvement. Key Words: Company Policies, Availability of Finances, ICT Adoption, Procurement Competencies CITATION Yussuf, A. H., & Wario, G. (2019). Factors influencing procurement in the oil industry in Kenya . The Strategic Journal of Business & Change Management, 6 (4), 777 – 793 |
| File Format | PDF HTM / HTML |
| Volume Number | 6 |
| Alternate Webpage(s) | http://strategicjournals.com/index.php/journal/article/download/1426/1383 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
