| dc.description.abstract | The private sector contribution in provision of health care in Sri Lanka has been growing tremendously during
last two decades. There were several international standard tertiary care private hospitals established in recent past
and many more are to operate soon. The capacity of these institutions is ranging from highly sophisticated multi
specialized hospitals to small-scale medical centres. Private sector always focus to obtain optimum value from
investment. Health care sector also spend more than 40 percent from income to purchase the goods and services.
Around the world, wide organizations use centralize procurementsystem to purchase the goods and services. Centralize
procurement approach is meant to obtain maximum benefit form efficient supply chain activities. Centralization of
procurement is highly focuses not only on individual processes but also focuses on overall operations, further
centralizing can bring greater control over the various buying processes that company engages in. This greater control
allows for more efficiency and more visibility into how the company is obtaining its resources. In keeping with this study
and many of studies, there are five main areas that embody within the centralizing procurement method and facilitate
to reinforce the financial performance in a company as Time Compression, Negotiation, Managing quality, Activity
Management and Relationship Management. ABC laboratory chain is one of the main laboratory chain in Sri Lanka which
implements centralizing procurement activities. Nineteen sample of employees have used and, by using interview
method their ideas regarding the variables were collected. Thematic method is used to analyses the collected data. The
study reveal positive impact of centralization of procurement activities on financial performance of the ABC laboratory
chain as the findings. | |
