Role of Emerging Technologies in Improving Procurement Efficiency and Effectiveness in Ghana
DOI:
https://doi.org/10.47604/gjppm.2770Keywords:
Role, Emerging Technologies, Procurement, Efficiency, EffectivenessAbstract
Purpose: The aim of the study was to examine the role of emerging technologies in improving procurement efficiency and effectiveness in Ghana.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The role of emerging technologies in improving procurement efficiency and effectiveness in Ghana has been transformative, driving significant advancements in the procurement landscape. The adoption of technologies such as blockchain, artificial intelligence (AI), Internet of Things (IoT), and big data analytics has streamlined procurement processes, enhanced transparency, and fostered better decision-making. Emerging technologies have automated repetitive and time-consuming tasks, reducing manual errors and speeding up procurement cycles. AI and machine learning algorithms have enabled predictive analytics, allowing procurement professionals to forecast demand more accurately, optimize inventory levels, and negotiate better with suppliers based on data-driven insights.
Unique Contribution to Theory, Practice and Policy: Technology Acceptance Model, Resource-Based View (RBV) & Transaction Cost Economics (TCE) may be used to anchor future studies on role of emerging technologies in improving procurement efficiency and effectiveness in Ghana. Organizations can benefit significantly by investing in training and development programs tailored to equip procurement professionals with the skills needed to leverage emerging technologies effectively. Hands-on workshops, certification courses, and mentorship programs focused on technology integration should be prioritized to bridge existing skill gaps and build a workforce capable of implementing and managing these advanced procurement tools. Governments and regulatory bodies play a pivotal role in creating an enabling environment for the widespread adoption of emerging technologies in procurement. Developing flexible regulatory frameworks that accommodate the unique characteristics and risks associated with these technologies, such as data privacy and cybersecurity concerns, is essential. Policymakers should also consider incentives such as tax credits, grants, and subsidies to encourage organizations to invest in technology upgrades and innovations that enhance procurement efficiency and effectiveness.
Downloads
References
Aidoo, R., Bawole, J. N., & Mensah, J. (2018). Electronic procurement adoption and public procurement performance: Evidence from Ghana. Journal of Public Procurement, 18(1), 41-63.
Ambe, I. M., Badenhorst-Weiss, J. A., & Oosthuizen, N. M. (2018). The impact of digital procurement technologies on procurement performance: Evidence from the USA. Journal of Purchasing and Supply Management, 24(4), 284-293. https://doi.org/10.1016/j.pursup.2018.06.001
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
Chepkwony, S., & Maritim, B. K. (2020). The impact of e-procurement on transparency and accountability in public procurement: A case of Kenya. International Journal of Public Administration and Management Research (IPAMR), 8(1), 23-37.
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319-340.
Govender, R., & Ramroop, S. (2018). Strategic sourcing in the South African public sector: A critical analysis. Journal of Public Procurement, 18(4), 435-458. https://doi.org/10.1108/JOPP-09-2018-0050
Iansiti, M., & Lakhani, K. R. (2017). The truth about blockchain. Harvard Business Review, 95(1), 118-127.
Jones, A., & Smith, B. (2019). The impact of cloud-based procurement systems on organizational efficiency: Evidence from the UK. International Journal of Procurement Management, 12(4), 459-475. https://doi.org/10.1504/IJPM.2019.101849
Liu, W., & Cao, M. (2020). Artificial intelligence in supply chain management: A bibliometric study. International Journal of Production Research, 58(7), 2130-2151. https://doi.org/10.1080/00207543.2019.1606253
Mafini, C., & Sussman, R. (2018). Strategic sourcing and procurement performance in South Africa: The moderating role of government policy. Journal of African Business, 19(1), 1-17. https://doi.org/10.1080/15228916.2017.1377809
Mwakapugi, A., & Mwamkinga, J. (2020). Strengthening public procurement governance in Tanzania: A case study of regulatory reforms and technology adoption. Journal of Public Administration and Governance, 10(1), 155-172.
Nguyen, T. N., & Pham, N. H. (2020). Digital transformation in public procurement: Evidence from Vietnam. Public Management Review, 22(8), 1156-1175. https://doi.org/10.1080/14719037.2019.1581256
Nyaga, M., Iravo, M., & Osoro, N. (2021). Impact of electronic government procurement on procurement performance in Kenya: A case of state corporations. Journal of Public Administration and Policy Research, 13(2), 10-23. https://doi.org/10.5897/JPAPR2020.0588
Oliveira, C., & Vieira, M. (2020). Digital procurement in Brazil: Enhancing efficiency and reducing costs in public procurement. International Journal of Public Sector Management, 33(2), 212-228. https://doi.org/10.1108/IJPSM-12-2019-0301
Olufemi, A. J., & Babatunde, A. T. (2019). Legislative reforms and public procurement performance in Nigeria. Public Administration and Policy Research, 1(1), 1-13. https://doi.org/10.33513/PAPR/1901-01
Richter, S., Holweg, M., & Lundgren, H. (2020). Strategic supplier relationships and their impact on cost and delivery performance in the German automotive industry. International Journal of Operations & Production Management, 40(2), 241-263. https://doi.org/10.1108/IJOPM-10-2018-0640
Sharma, S., & Khatri, N. (2017). E-procurement adoption in India: Impact on transaction costs and governance. Journal of Public Procurement, 17(2), 187-210. https://doi.org/10.1108/JOPP-05-2017-0018
Srisukhumbowornchai, N., & Sedgwick, J. (2019). Strategic procurement in the public sector: A case study of Thailand. Journal of Public Procurement, 19(1), 48-66. https://doi.org/10.1108/JOPP-09-2018-0050
Suzuki, T., & Tanaka, M. (2019). Lean procurement: Its effects on lead time and quality in Japanese automotive manufacturing. International Journal of Production Economics, 216, 368-378. https://doi.org/10.1016/j.ijpe.2019.05.017
Suzuki, T., & Tanaka, M. (2019). Lean procurement: Its effects on lead time and quality in Japanese automotive manufacturing. International Journal of Production Economics, 216, 368-378. https://doi.org/10.1016/j.ijpe.2019.05.017
Svensson, G., & Eriksson, D. (2018). The impact of green procurement on procurement cost efficiency: Evidence from Swedish local governments. Journal of Cleaner Production, 200, 1053-1061. https://doi.org/10.1016/j.jclepro.2018.07.031
Williamson, O. E. (1981). The economics of organization: The transaction cost approach. American Journal of Sociology, 87(3), 548-577.
World Bank. (2019). Ethiopia - Public procurement performance assessment report. Retrieved from https://documents.worldbank.org/curated/en/643441568620401122/Ethiopia-Public-Procurement-Performance-Assessment-Report
Zhang, J., Zhang, M., Zuo, J., & Lai, K. (2019). Internet of Things (IoT) and supply chain management: A comprehensive overview. Computers & Industrial Engineering, 139, 106192. https://doi.org/10.1016/j.cie.2019.106192
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Felix Acheampong
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.