PROCUREMENT MANAGEMENT IN ACCORDANCE WITH THE MINISTRY OF FINANCE'S REGULATIONS ON PROCUREMENT AND GOVERNMENT SUPPLIES MANAGEMENT, 2017

Abstract

Abstract— This study provides a comprehensive analysis of procurement management practices within government entities, with a focus on the effectiveness and impact of the Ministry of Finance's Regulations on Procurement and Government Supplies Management, enacted in 2017. Employing a mixed-methods research design, the study integrates qualitative insights from stakeholder interviews and document analysis with quantitative data obtained through surveys and performance metrics evaluation. The findings reveal a positive trajectory in the awareness, transparency, and efficiency of procurement practices since the implementation of the regulations. Stakeholder perceptions underscore the regulations' role in fostering transparency and accountability, while performance metrics demonstrate improvements in procurement cycle times and compliance rates. Sectoral variances and challenges, including technological readiness and interpretation disparities, are identified, prompting targeted recommendations for ongoing adaptation and enhancement. Recommendations emphasize the importance of sector-specific strategies, technology integration, and continuous stakeholder engagement to optimize the regulations' effectiveness. The commitment to regular reviews and adaptability underscores the regulatory framework's relevance in the dynamic landscape of government procurement.