Impact of Procurement Policies and Procedures on Supply Chain Performance of Microfinance Banks in Tanzania.

Abstract

The aim of this study is to find the impact of procurement policy and procedures in microfinance bank supply chain performance. It was guided by five main objectives that sought to evaluate the role of procurement in the FINCA Microfinance Bank performance, to determine the extent of the procurement policy and procedures in the FINCA Microfinance Banks operations, to determine the impact of ethical practice in the performance of FINCA Microfinance Bank, to establish the effects of Supplier selection procedures FINCA Microfinance banks supply chain performance.to determine challenges that face Procurement Policies and Procedures implementation in FINCA Microfinance Bank, to determine the extent of adherence of procurement policies and procedures, to determine the relationship between procurement policies and procedures on supply chain performance and to determine the challenges faced in the implementation of procurement policies and procedure in commercial banks in Tanzania. The research design involved a cross sectional survey of all Microfinance banks in Tanzania. This study is beneficial to all microfinance Banks managers in Tanzania as it was increase awareness that adequate policies and procedures exist in line with the organization's overall business policies / strategies. The study established that most of the Microfinance banks in Tanzania have in place procurement policies and procedures that have enabled them achieve transparency, efficiency and accountability in their operations.