The Role of Strategic Procurement in Realization of Corporate Goal in the Public Universities: Case of Kwame Nkrumah University of Science and Technology [KNUST]

Abstract

The objective of this study is to examine the interconnection between the parts of key procurement in acknowledgment of corporate objective of public Universities in Ghana. Corporate objective broadens; yet financial performance completely matters in measuring competitiveness of firms essentially in the present time. A cross sectional logical study was intended to distinguish KNUST procurement management hones and financial result. Findings of this study noticed a positive relationship between the vital procurement and financial performance of the Universities. For creating key procurement, the foundations ought to enhance the abilities in their purchasing professionals, count the vital procurement with general business procedure with long-term arrangements, select the potential and key suppliers, and make a decent relationship with them. These components could influence the company's financial performance and expand benefit.

Keywords: Procurement, financial performance, Strategic procurement, Corporate goal, KNUST