Appraisal of Procurement Ethics and Their Impact on Supplier Relationships in Access Bank Plc, Jigawa State
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Background of the Study
Procurement ethics refers to the standards and principles that guide procurement activities, ensuring fairness, transparency, accountability, and the avoidance of conflicts of interest. In the banking sector, procurement activities involve sourcing goods and services, such as IT infrastructure, office supplies, and services necessary for the bank’s operations. For Access Bank Plc, a leading financial institution in Nigeria, maintaining ethical standards in procurement is critical to building strong supplier relationships, reducing risks, and ensuring that procurement activities align with the bank’s corporate values and objectives. Ethical procurement practices enhance the bank’s reputation, foster trust with suppliers, and contribute to sustainable business practices.
Jigawa State, located in northern Nigeria, has unique socio-economic and political characteristics that may influence procurement activities. In an environment where regulatory frameworks and enforcement may be weak, Access Bank must rely on ethical procurement practices to maintain effective and efficient supplier relationships. The bank’s procurement team must ensure that suppliers adhere to ethical standards in terms of quality, pricing, and delivery timelines while avoiding practices such as bribery or favoritism that could undermine supplier relationships and operational efficiency. This study seeks to examine how procurement ethics impact the relationships between Access Bank and its suppliers in Jigawa State, exploring whether adherence to ethical practices leads to stronger, more collaborative partnerships.
Statement of the Problem
Access Bank Plc faces challenges in managing supplier relationships in Jigawa State due to potential unethical procurement practices, such as favoritism, corruption, and lack of transparency. These practices can erode trust, create operational inefficiencies, and strain long-term relationships with suppliers. Ethical procurement practices are essential to mitigate these issues, ensuring that suppliers are selected fairly and that contracts are executed transparently. However, there is limited research on how procurement ethics specifically affect supplier relationships in the banking sector in Jigawa State. This study will address the gap by investigating the role of procurement ethics in shaping supplier relationships at Access Bank Plc.
Objectives of the Study
1. To examine the procurement ethics practices at Access Bank Plc in Jigawa State.
2. To assess the impact of procurement ethics on the strength of supplier relationships at Access Bank Plc.
3. To identify challenges in maintaining ethical procurement practices and their impact on supplier relationships at Access Bank Plc.
Research Questions
1. What procurement ethics practices are followed by Access Bank Plc in Jigawa State?
2. How do procurement ethics influence supplier relationships at Access Bank Plc in Jigawa State?
3. What challenges does Access Bank Plc face in maintaining ethical procurement practices in Jigawa State?
Research Hypotheses
1. There is no significant relationship between procurement ethics and supplier relationships at Access Bank Plc in Jigawa State.
2. Ethical procurement practices do not significantly improve supplier trust and collaboration at Access Bank Plc in Jigawa State.
3. Challenges in maintaining ethical procurement practices do not significantly affect supplier relationships at Access Bank Plc in Jigawa State.
Scope and Limitations of the Study
The study focuses on Access Bank Plc’s procurement practices in Jigawa State and evaluates how procurement ethics influence supplier relationships. Limitations include potential bias from internal data and challenges in accessing information from suppliers or third parties.
Definitions of Terms
• Procurement Ethics: Standards and principles governing the fairness, transparency, and accountability of procurement processes.
• Supplier Relationships: The interactions and partnerships between a company and its suppliers, based on mutual trust, collaboration, and performance.
• Transparency: The openness and clarity with which procurement processes and decisions are made.
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