International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)

Title: Entrepreneurial Procurement Practices in Agribusiness: Challenges and Opportunities in Kilolo District, Tanzania.

Authors: Yohana Tweve , Bariki Christopher Koka and Letus George Mwallo

Volume: 8

Issue: 12

Pages: 10-23

Publication Date: 2024/12/28

Abstract:
This study aimed to explore the procurement practices, challenges, and opportunities in agribusinesses within Kilolo District, Tanzania, focusing on procurement efficiency, stakeholder support, access to financial resources, technological innovations, and sustainability practices. The study adopted a mixed-methods approach, combining both qualitative and quantitative research techniques to comprehensively explore the entrepreneurial procurement practices in agribusinesses. A total of 120 respondents, including farmers, cooperative leaders, suppliers, government officials, and NGO representatives, were surveyed to gather data on the state of agribusiness procurement in the region. The findings revealed that procurement efficiency was a critical factor in agribusiness success, with a notable proportion of respondents facing delays and challenges in timely procurement. Financial constraints, logistical barriers, and unreliable suppliers were identified as major obstacles to smooth procurement processes. Moreover, while technological innovations like mobile payment systems and digital platforms showed promise, their adoption was limited. The study also highlighted the low levels of engagement in sustainable sourcing and waste management practices, primarily due to financial constraints and lack of awareness. Stakeholder support from local cooperatives, the government, and NGOs was considered vital for the growth of agribusinesses, yet challenges in collaboration and resource allocation persisted. The study concluded that improving procurement efficiency, enhancing access to financial support, promoting technological adoption, and fostering sustainable practices were essential for boosting agribusiness growth in Kilolo District. Based on these findings, the study recommends enhancing financial services, strengthening stakeholder collaboration, investing in rural infrastructure, and providing education and incentives for sustainable practices. These recommendations aim to support the long-term viability and growth of agribusinesses in the region and related areas.

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