Cost-Effectiveness in Procurement Strategies for Health Programs: Insights from Global Initiatives

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@article{1706041,
      author = {Ogechi Thelma Uzozie, Ekene Cynthia Onukwulu, Iyadunni Adewola Olaleye, Christian Onyinyechi Makata, Patience Okpeke Paul; Oluwafunmilayo Janet Esan},
      title = {Cost-Effectiveness in Procurement Strategies for Health Programs: Insights from Global Initiatives},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {8},
      number = {1},
      pages = {713-721},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1706041.pdf},
      abstract = {Efficient procurement strategies are crucial for optimizing resource allocation and enhancing health outcomes in global health programs. This paper examines various procurement strategies employed in health programs, including centralized, decentralized, pooled procurement, and framework agreements. It evaluates these strategies based on price, quality, delivery time, and supplier reliability to determine their cost-effectiveness. The paper identifies best practices that contribute to improved procurement efficiency and health program sustainability by drawing on global initiatives like the Global Fund, Gavi, and WHO. Challenges in implementing cost-effective procurement include limited financial resources, bureaucratic inefficiencies, technical capacity gaps, supply chain disruptions, and issues of corruption and transparency. Recommendations address these challenges, emphasizing the need for increased financial investment, streamlined processes, capacity building, supply chain resilience, and enhanced transparency and oversight. The implications for policy makers, health program managers, and practitioners underscore the importance of prioritizing procurement as a strategic function in health systems. Future research should focus on leveraging digital technologies, enhancing supply chain resilience, combating corruption, and assessing the impact of capacity-building initiatives on procurement effectiveness.},
      keywords = {Procurement Strategies, Cost-Effectiveness, Global Health Programs, Challenges},
      month = {July},
  }