Operation of Public Procurement Act 2007 and Its Effect on Government Inventories: Evidence from Selected MDAs in Nigeria

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@article{1704905,
      author = {Eno G. UKPONG},
      title = {Operation of Public Procurement Act 2007 and Its Effect on Government Inventories: Evidence from Selected MDAs in Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {7},
      number = {1},
      pages = {443-454},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704905.pdf},
      abstract = {This study determined the effect of the Public Procurement Act (PPA) 2007 on inventory management performance of ministries, departments and agencies of the federal government in Akwa Ibom State. The PPA procedures studied were stock control management procedures and material acquisition procedures. The descriptive survey was used for the study. Purposive sampling technique was used to sample 165 respondents drawn from five Ministries, Departments and Agencies at the federal secretariat, Uyo, Akwa Ibom State. The instrument for data collection was a questionnaire. The instrument was validated by experts and the reliability ascertained through test- retest procedure. Simple linear regression was used to answer and test the hypotheses, at a 0.05 level of significance. The findings of the study shows that material acquisition procedures and stock control management procedures have positive relations on inventory management performance of MDAs. Furthermore, there is a significant influence of material acquisition procedures and stock control management procedures on inventory management performance of selected MDAs in Akwa Ibom State. It was recommended that procurement departments of MDAs should determine the availability of stocks before depletion of each category and the management of inventory on the levels of stock availability.},
      keywords = {Inventory management, material acquisition, stock control, Economic order quantity, public procurement guidelines},
      month = {July},
  }