Online Procurement Practices and Performance of Selected Manufacturing Small and Medium Enterprises in Ado-Ekiti Metropolis, Ekiti State, Nigeria

The study focused on the effect of online procurement practices on performance of selected manufacturing small and medium enterprises in Ado-Ekiti metropolis, Ekiti State. The specific objectives were to determine the effect of online sourcing, online ordering and online payment on performance of selected manufacturing small and medium enterprises in Ado-Ekiti metropolis, Ekiti State, Nigeria, The study used survey design. Census survey technique was used in this study were the entire population of 122 were drawn for selected manufacturing small and medium enterprise but 120 respondents was used for the analysis based on questionnaire received. Primary data was used for the study. Data were analyzed using multiple regressions. The study found out that online sourcing (t= 6.271, P ≤ 0.05), online ordering (t =4.511, P ≤ 0.05) and online payment (t =4.312, P ≤ 0.05) have significant effect on performance of selected manufacturing small and medium enterprises in Ado-Ekiti metropolis, Ekiti State, Nigeria. The study concluded that online procurement practices have significant effect on performance of selected manufacturing small and medium enterprises in Ado-Ekiti metropolis, Ekiti State, Nigeria. Based on the findings of the study, manufacturing small and medium enterprises management should strengthen and institutionalize the use of online sourcing in their procurement activities. Rather than depending predominantly on traditional supplier networks, SMEs should make systematic use of reputable online platforms, supplier websites, electronic marketplaces and other digital procurement channels to identify and compare potential suppliers.

Online procurement, Online sourcing, Online ordering, Online payment, Performance, Manufacturing, Small and medium enterprises

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