Procurement Policy as a Determinant for Organizational Performance of University College Hospital (UCH), Ibadan, Nigeria

: The procurement system invariably suffers various forms of malpractices and unethical conduct which includes high incidence of vested interest, contract inflation, delay in suppliers’ payment and increased procurement cycle. The review explored procurement policy as a determinant for organizational performance in teaching hospitals in Ibadan, Oyo State, with reference to University College Hospital (UCH), Ibadan. Descriptive and survey design was embraced for the review. The populace in the review contained 158. A stratified sampling technique was used and the strata’s are procurement, stores, payment units (Account) and the different end users department. An organized poll was directed. The instrument was approved and information assembled was broke down utilizing mean, standard deviation and correlation analysis. Out of the 158 polls directed, 136 were recovered (86% reaction rate). The review discovered that negotiation management (mean worth 4.2581), competitive bidding (mean worth 4.2581), and suppliers’ relationship management (mean worth 4.3065), and procurement policy indices utilizing correlation co-efficient: (negotiation the management 0.737, competitive bidding 0.230 and suppliers' relationship management 0.311) were found to have a positive and significant effect on organizational performance of UCH. The study subsequently inferred that procurement policies are proactive in nature and a panacea to organizational performance. Based on the findings, it is therefore recommended that there is need to have a check list that guarantees that procurement of supplies and services are done within the budgetary approvals so as to avoid delay in payments. Also, staff and providers' training is one more key system in the realization of organizational performance.