THE IMPACT OF PROCUREMENT TRAINING ON PROCUREMENT PROCESS EFFICIENCY AND ORGANIZATIONAL PERFORMANCE: A PLS-SEM ANALYSIS
Abstract
This study delves into the role of procurement training on procurement process efficiency and its subsequent impact on organizational performance. Employing the resource-based view theory as a theoretical foundation, the research adopts a quantitative approach, utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM). This study adopted a purposive-convenient sampling technique to select the needed respondents. 312 procurement officials from diverse institutions in Ghana as participants were engaged in the study. The findings reveal a significant effect of procurement training on procurement process efficiency and organizational performance. The positive correlation between procurement and process efficiency contributes to enhanced organizational performance. These results emphasize the pivotal role of training interventions in optimizing the procurement process, benefiting overall organizational effectiveness. Recognizing the substantial impact of training on enhancing efficiency and, in turn, organizational performance, organizations are encouraged to invest strategically in procurement training programs. This research contributes valuable insights to the field, offering a nuanced understanding of the interplay between training, process efficiency, and organizational performance in the procurement domain.