RELATIONSHIP BETWEEN ETHICAL RISKS AND PROCUREMENT MANAGEMENT IN SELECTED PUBLIC SECONDARY SCHOOLS IN KERICHO COUNTY
Author
Joyce Cheruto Rotich
Abstract
Economic and social challenges have obliged many organizations to re-evaluate their manner and approach in maintaining sustainable relationships with their customers. It has been witnessed in most successful organizations that implementation of ethical risks in procurement has ensured customers get the best services. It is on this basis that this study sought to determine the relationship between ethical risk and procurement management in selected public secondary schools in Kericho County. The study adopted correlation research design. The target population was 220 public secondary schools which comprised of 1100 tendering committee. The study used stratified and simple random sampling techniques. The sample size was 294 respondents which were derived using the Taro Yamane’s formula. Questionnaires were used for data collection. Descriptive and inferential methods were utilized for data analysis and presentation. The regression coefficients indicate that ethical risks have a positive and statistically significant relationship with procurement management (B = 0.703, SE = 0.050, β = .757, t = 14.147, p < .001). The positive unstandardized coefficient (B = 0.703) suggests that improvements in ethical risks are associated with substantial improvements in procurement management. The study recommended that ethical risks should be adhered to since it significantly improves on procurement management. Hence, there is need to tighten internal control systems in detecting procurement corruption and fraud to ensure integrity in the process.
Keywords
Ethical Risk, Procurement Management, Public Procurement, Procurement Ethics
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References
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