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

Author

Listed:
  • Ismail Abdi Changalima
  • Ismail Juma Ismail
  • Shadrack Samwel Mwaiseje

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

Suggested Citation

  • Ismail Abdi Changalima & Ismail Juma Ismail & Shadrack Samwel Mwaiseje, 2022. "Obtaining the best value for money through procurement planning: can procurement regulatory compliance intervene?," Journal of Money and Business, Emerald Group Publishing Limited, vol. 2(2), pages 133-148, August.
    • Handle: RePEc:eme:jmbpps:jmb-11-2021-0056
    DOI: 10.1108/JMB-11-2021-0056
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    Cited by:

    1. Illo Victor Uchechukwu & Benedict Anayochukwu Ozurumba & Chijindu Promise Ubah & Benedicta Uche Dike, 2023. "Determinants of Conformance to Requirements in Procurement by Nigerian Federal Ministries, Departments, and Agencies (MDAs) in Post-Procurement Reform Periods in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 1028-1046, October.

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