SUPPLIER SELECTION AND PERFORMANCE OF PHARMACEUTICAL COMPANIES IN KENYA
Abstract
Supplier selection is a critical process for pharmaceutical firms in Kenya, as it directly affects the quality and availability of medicines and healthcare products. When pharmaceutical firms select suppliers, they encounter several challenges that can impact their operations and overall business performance. The general objective of the study is to establish the influence of supplier selection and performance of pharmaceutical companies in Kenya. The study was guided by the following specific objectives; to establish the influence of supplier pricing and lead time on performance of pharmaceutical companies in Kenya. Cross-sectional research was used in the study. The target population was the 35 registered pharmaceutical firms in Kenya. The study adopted census technique since all the 35 registered pharmaceutical firms in Kenya were considered. The study made use of questionnaire to collect data. The researcher collected questionnaires, code them, and enter them into the Software Package for Social Sciences (SPSS version 26) for analysis. The sort function was used to perform the initial screening. The data was based on the study's objectives and research questions. The descriptive statistical techniques of frequency, mean, and standard deviation was used to analyse the quantitative data acquired. The results were displayed using frequency distribution tables, which keeps track of how many times a score or response appears. The study concludes that supplier pricing has a positive and significant effect on performance of pharmaceutical companies in Kenya. In addition, the study concludes that lead-time has a positive and significant effect on performance of pharmaceutical companies in Kenya.
Key Words; Supplier selection, Pharmaceutical companies, Supplier pricing and Lead time
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