Procurement Efficiency through Technology Integration in Edo State

Abstract

This research explores the influence of digital procurement technologies on procurement efficiency, concentrating on the roles of Search Engine Optimization (SEO), E-Procurement Adoption (EPA), Artificial Intelligence in Procurement (AIP), and Blockchain Technology in Procurement (BTP). A questionnaire was utilized to acquire primary data from 102 respondents, offering insights into their perspectives of these technologies. Findings of the study revealed a substantial positive association between SEO, EPA, AIP, and procurement efficiency, with AIP demonstrating the most significant benefit. Conversely, BTP showed a negative effect on procurement efficiency, indicating issues in its acceptance or execution. Multiple regression studies demonstrate that the combined components of SEO, EPA, AIP, and BTP explained a large percentage of the variation in procurement efficiency (R² = 0.986). Based on these outcomes, the research proposes boosting IT infrastructure, expanding AI and blockchain usage, and resolving hurdles to e-procurement acceptance. The study adds to the expanding body of information on digital transformation in procurement and gives practical advice for firms wishing to enhance their procurement processes via technology.