International Journal of Managerial Studies and Research (IJMSR) Volume 9, Issue 11, November 2021, PP 45-57 ISSN 2349-0330 (Print) & ISSN 2349-0349 (Online) https://doi.org/10.20431/2349-0349.0911006 www.arcjournals.org International Journal of Managerial Studies and Research (IJMSR) Page | 45 Procurement Policy as a Determinant for Organizational Performance of University College Hospital (UCH), Ibadan, Nigeria Oyedokun, Godwin Emmanuel 1 , Garba, Mariam Abiola 2 , Adeolu-Akande, Modupeola Atoke 3 1 Department of Management and Accounting; Faculty of Management and Social Sciences; Lead City University, Ibadan, Nigeria 2 Department of Procurement and Supply Chain Management; Faculty of Business and Communication Studies; the Polytechnic, Ibadan, Ibadan, Oyo State, Nigeria; 3 Department of Management & Accounting, Faculty of Management and Social Sciences, Lead City University, Ibadan, Nigeria 1. INTRODUCTION Organizational performance is operational management that is concerned with converting materials and labor into services as efficiently as possible. It is the ability of an organization to fulfill its focal objective through strong organization, solid administration and an eager rededication to achieving results (Zhu, Sarkis & Geng, 2007). Organizational performance has been characterized as a bunch of both monetary and non-monetary markers equipped for evaluating how many authoritative objectives and goals have been refined. It includes breaking down an organization's presentation against its targets and objectives. All in all, organizational performance involves genuine outcome or outputs contrasted with planned outputs. Internationally, organizations are consistently confronting the strain of conveying results in an unsure world. The advanced business environment requests organizations to persistently further develop cycles and method of getting things done to meet organizational targets in an ideal and practical way while keeping up with the organization’s benefit and market importance. In this unique worldwide marketplace, procurement policy should assume a main part in catching the value at stake (World Bank Public Procurement Reforms, 1995). Abstract: 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. Keywords: Competitive bidding, Negotiation management, Organisational performance, Procurement policy, Suppliers’ relationship management *Corresponding Authors: Oyedokun, Godwin Emmanuel, Department of Management and Accounting; Faculty of Management and Social Sciences; Lead City University, Ibadan, Nigeria