Effect of Procurement Management Practices on Sustainability and Innovation Outcome Among Mining Firms in Ghana

Abstract

Despite the importance of mining to job creation and its positive impact on economies and Gross Domestic Product (GDP), procurement management practices on sustainability and innovation outcome seems to be a major problem faced by most mining firms in Ghana (Barenblitz et al., 2021). Nevertheless, there is the need for studies to investigate the procurement practices and its effect on sustainability and innovation outcome (Adjei-Bamfo et al., 2021). In this regard, the current study sought to examine the effect of Procurement Management Practices on Sustainability and Innovation Outcome among Mining Firms in Ghana. The study was underpinned by the theory of constraint and the network theory. The study employed the positivism philosophy, quantitative approach and explanatory design of which respondents from the mining firms in Ghana were targeted. A structured questionnaire was used for data collection. Out of a population of 266, the number recorded as reliable and used for the analysis and processed with the IBM SPSS Statistics version 26 was 232. Following data processing, descriptive tools, including frequencies, percentages, means, standard deviations, and inferential tools, were used to analyse the data. Findings of the study indicates that, Tender and Technical Specification, Innovation Risk, Competitive Innovation Conundrum and Supplier Relationship Management were found to significantly predict Sustainability and Innovation outcomes. However, Political Regime was found not to significantly influence Sustainability and Innovation outcomes. The study therefore recommended that, management of mining firms must pay attention to Procurement Management Practices as it contributes highly to improving sustainability and innovation outcomes.