INVENTORY AUDIT AND PERFORMANCE OF PROCUREMENT FUNCTION IN SELECTED PUBLIC UNIVERSITIES IN WESTERN KENYA

Abstract

This study assessed the influence of inventory audit on performance of procurement function in selected public universities in Western Kenya. The study was guided by theory of inspired confidence. A census survey research design was adopted for the study. The study target population comprised of 72 procurement officers and internal auditors from the selected public universities in Western Kenya. Structured questionnaire was used to facilitate in data collection. A pilot study was carried out at Kaimosi University College before the main study to find out the likely weaknesses in the data collection tool by the use of validity and reliability tests. The data from pilot study was analyzed using Cronbach’s Alpha coefficient which was 0.847 meaning the items in the questionnaire were reliable for this research. SPSS software was used for data analysis. Descriptive and inferential statistics were used. The study results showed that the selected public universities carried out inventory audit. The study showed that elements of inventory audit had a strong positive and significant influence on performance of procurement function in the sampled public Universities. The researcher recommended that public Universities to put in place inventory audit measures since it had a significant influence on the performance of procurement function.

Key word: Inventory Audit, Procurement Function Performance, Public Universities

CITATION: Mathias, J. M., & Kwasira, J. (2019). Inventory audit and performance of procurement function in selected public universities in Western Kenya. The Strategic Journal of Business & Change Management, 6 (2), 2379 – 2384.