Procurement Management Practices as a Strategic Tool for Project Performance: The Case of Construction Companies in the Northwest Region Cameroon
- Dr. Eyong Ako1, Ngwang Njeshi Peculiar2
- 1,2The University of Bamenda, Northwest Region, Cameroon
The main objective of this study was to examine the effect of procurement management practices on project performance of construction companies in Bamenda. Firstly, a comprehensive literature review was conducted to establish the theoretical foundation and identify the critical factors associated with procurement management and project performance. The methodology used was designed as quantitative approach since the data was gathered through questionnaires. Also, the study made use of the experimental research design and the target population for this study constituted of project managers and employees working in construction companies within Bamenda A sample size of 106 respondents was selected, and data analysis was performed using statistical package for social sciences version 20. The study employed the linear regression technique to establish the relationship between variables. The findings of the study indicated that need assessment, supplier sourcing and procurement negotiation has a positively significant effect on project performance in the construction industry. The study concluded that application of the procurement practices in the organization is founded on proper need assessment, supplier sourcing and procurement negotiation. Therefore, the study recommended that the key procurement actors should come up with viable ways of managing the procurement process and revitalization of the entire procurement process should be a requirement as it can help in ensuring that organizations embrace modern technological ways and trends in handling and addressing procurement issues.