Strategic Procurement and Procurement Risk Management in Kabale Municipality: A Case Study of Total Energies Kabale Uganda Limited.
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Date
2024
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Journal ISSN
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Publisher
Kabale University.
Abstract
The study was about to establish the impact of strategic procurement on procurement risk management. A case study of Total Energy Uganda Limited. The study will be guided by three objectives, which are: to determine the procurement risk management practices used by Total Energy Uganda Limited, to determine the challenges associated with implementing strategic procurement, and to suggest strategies to overcome the challenges associated with implementing strategic procurement. A total sample of fifty-nine (59) respondents was considered for the study. This included the manager, cashier, staff, and clients. The researcher used both simple random and purposive sampling techniques in identifying the study sample population. The methods that were used in data collection included questionnaires, observation, and interviews. The collected data was edited, coded, entered into a computer, and analyzed with Excel, a Microsoft statistical package. The results were presented in tables. Based on the results of the study, 100% of the respondents agreed that they are procurement risk management practices and these include clear risk management policies, continuous risk, monitoring, risk identification, retention, risk assessment and prioritization, risk transfer, and insurance. From objective two above, it was found that the challenges associated with implementing strategic procurement and included poor supply chain transparency, supply risk, dark purchasing inaccurate data, poor supplier management, compliance with the Contract. From the research, objective three, it was found out, as indicated by the respondents from Total Energy Uganda that the strategies to overcome the challenges associated with implementing strategic procurement and including automation is the way to overcoming Procurement challenges, upgrading your procurement processes, having a good understanding of how data should be structured in the new system, communication is vital in this aspect, comprehensive training should be a part of the implementation plan, invest in a digital adoption platform. Based on the findings, the study concluded by showing that concluded by showing procurement risk management practices used by Total Energy Uganda Limited included; clear risk management policies, continuous risk, monitoring, risk identification, retention, risk assessment and prioritization, risk transfer, and insurance.
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Keywords
Strategic Procurement, Procurement Risk Management, Kabale Municipality, Total Energies Kabale Uganda Limited
Citation
Twine, Emmanuel (2024). Strategic Procurement and Procurement Risk Management in Kabale Municipality: A Case Study of Total Energies Kabale Uganda Limited. Kabale: Kabale University.