The Procurement Threshold in the Procurement Act of Ghana, ACT 663 (2003) as Amended: Any Impact on Inventory Management of Tertiary Institutions in Ghana? (Published)
The Ministry of Education is one of the ministries in Ghana that spend a chunk of their budgetary allocation on procurement of commodities other than personal emolument. In the Ghanaian public sector, the acquisition of materials for operations is through the application of Ghana’s Public Procurement Act, Act 663 (2003) as amended in Act 914 (2016). This study focuses on the effects of procurement threshold in Ghana’s Procurement law on inventory management of tertiary institutions in Ghana. Specifically, the study focuses on establishing how procurement thresholds enshrined in the Public Procurement Act of Ghana affects quantities of items purchased for inventory. The study chooses the Cape Coast Technical University as its case study. In a descriptive study, forty (40) respondents were sampled and questionnaires were administered to them. Preliminary analysis were made in a tabular form and presented on a bar chart on the basis of the study objectives. After interpreting the data, the results of the study revealed that procurements thresholds instituted in the Public Procurement Act which are used to determine the procurements methods and approval authorities based on the contract value have some impact on inventory management. Among others, the study suggests that these thresholds must be reviewed at least every four (4) years to reflect current economic trends and situation of the country and again, frequent monitoring and evaluation of procurement entities by the Public Procurement Authority (PPA) must be strengthened to ensure compliance of the Procurement law in Ghana.
Keywords: Inventory., Management, Procurement Act of Ghana, Threshold, stock
The Researching of the Industry 4.0 Affecting the Efficiency of the Logistics Management in Vietnam (Published)
In Vietnam, the industrial revolution 4.0 (Industry 4.0) is on the onset and will affect all socio-economic sectors, while completely transforming the current production and management system. Industry 4.0 can give the Vietnamese economy a rare opportunity to break through and Vietnam is actively preparing for this opportunity, especially the logistics management. Besides, the growth of IT poses opportunities and challenges for logistics. As internet retailing increases, the companies are accepting orders from their clientele across the borders. The competences of staff and staff skills have been found to influence the efficiency of logistics performance in different industries. It is nowadays crucial to understand the importance of logistics both in the levels of the individual firm and the total economy. The study results had 200 the managers of enterprises who interviewed and answered about 13 questions. Data collected from July 2016 to December 2017 and analyzed KMO test, Cronbach’s Alpha and the result of KMO analysis which used for multiple regression analysis. Managers’ responses measured through an adapted questionnaire on a 5-point Likert scale. The results showed that there were three factors, which included of factors following human resource (HR), economic environment (EE), information technology (IT) with significance level 5 percent. In addition, all of three components affecting the efficiency of the logistics management with significance level 5 percent. The research results processed from SPSS 20.0 software.
Keywords: (IT), Industry 4.0, LHU, Logistics, Management
Supply Chain Management of Health Commodities and Logistics: Fundamental Components of Booming Medical Laboratory Services (Published)
The importance of quality laboratory services is unquestionable. The growth of programs for Human Immunodeficiency Virus (HIV) and Acquired immunodeficiency Syndrome (AIDS), tuberculosis (TB), and malaria requires strong and supportive laboratory services. For antiretroviral therapy (ART) in particular, there has been a growing recognition of this importance, given the number of laboratory tests required to effectively and efficiently monitor treatment. Well functioning supply chain will enhance the availability of the commodities (commodity security) required to provide necessary laboratory services. In addition, an effective and efficient laboratory supply chain can promote common approaches on policy, laboratory procedures and information system.
Keywords: Commodity, Laboratory Services, Management, Supply Chain