Obtaining the best value for money through procurement planning: can procurement regulatory compliance intervene?

Ismail Abdi Changalima, Ismail Juma Ismail and Shadrack Samwel Mwaiseje

Journal of Money and Business, 2022, vol. 2, issue 2, 133-148

Abstract: Purpose - While empirical studies establish the importance of procurement planning in achieving value for money (VfM) in procurement, there is scant evidence demonstrating a link between procurement planning and procurement regulatory compliance, and thus VfM. As a result, this study examined how procurement regulatory compliance can be applied when procurement practitioners in Tanzania seek to maximize VfM through procurement planning. Design/methodology/approach - A cross-sectional research design was adopted from which data were collected once through a structured questionnaire. The structural equation modeling (SEM) and Hayes' PROCESS macro test for mediation analysis were used to analyze the collected data. Findings - Procurement planning has a significant and positive relationship with procurement regulatory compliance (ß = 0.491,p

Keywords: Procurement; Procurement planning; Public procurement; Procurement regulatory compliance; Value for money (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmbpps:jmb-11-2021-0056

DOI: 10.1108/JMB-11-2021-0056

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