In modern economies, efficient procurement practices play a strategic role both in the private and public sectors. Amid the current recession, the application of procurement best practices turns out to be even more relevant. This is because procurement best practices ensure the reduction of wasteful activities, streamline operations and create value chains for sustainable competitive advantage. However, despite numerous commendations on the benefits associated with the adoption of the procurement best practices, most organisations still find the implementation and continuous sustainability a challenge. Hence, the purpose of this article was to determine the level at which the University of South Africa (UNISA) has progressed with the application of procurement best practices. A conceptual analytical approach was employed with the aid of a checklist. The article revealed that UNISA has progressed to a proactive stage with regard to the application of procurement best practices. The article further brought to light the challenges impeding the advancement to the best practices. Based on the findings, it was recommended that the senior management in UNISA should take conscious efforts of addressing the identified challenges in order to gain a competitive advantage.
|Document Title:||An analysis of procurement best practices in the University of South Africa|
|Journal:||Journal of Contemporary Management|
|Document Type:||Journal Article (Peer Reviewed)|
|Subject Area:||Finance and Physical Resources|
|Keywords:||Higher Education Institutions HEI s, University of South Africa UNISA, South Africa, South African Universities, Procurement|
|Date Added:||16 September 2013|