Encouraging Efficiency and Transparency

Oct 13, 2025 by magicalceylontours.com 107 views

Implementation of Good Corporate Governance Principles through the E-Procurement System in Public Companies

In today's fast-paced and highly competitive business environment, companies are under increasing pressure to adopt and implement good corporate governance (GCG) principles. These principles, which include transparency, accountability, responsibility, fairness, and independence, are essential for ensuring that companies operate in a sustainable and responsible manner. One of the key ways in which companies can implement these principles is through the use of an e-procurement system.

The Importance of E-Procurement in Good Corporate Governance

E-Procurement is a modern solution that integrates technology into the procurement process, providing a range of benefits for public companies. By utilizing an e-procurement system, companies can ensure that each stage of the procurement process takes place transparently, preventing the practice of corruption, collusion, and nepotism (KKN). This is achieved through the use of a single platform that provides equal access to all parties involved, creating fair and equal opportunities for all goods and services providers.

The application of e-procurement not only helps to reduce costs and time, but also increases accountability. Every transaction can be easily traced, making it easier for companies to account for every expenditure. This is in line with the principle of accountability in GCG, where every managerial action must be accounted for to stakeholders.

Encouraging Efficiency and Transparency

Through the implementation of e-procurement, public companies can encourage the creation of a more efficient market. The faster and more transparent procurement process will attract more participation from goods/service providers, which in turn will create healthy competition. This is in line with the purpose of Good Corporate Governance, which is creating a business environment that is not only efficient, but also sustainable.

Furthermore, in an effort to support the implementation of GCG principles, companies also need to comply with regulations stipulated in Law Number 40 of 2007 concerning Limited Liability Companies and Law Number 8 of 1995 concerning Capital Markets. Through this compliance, companies can avoid legal problems that may arise due to non-compliance with applicable regulations.

The Role of Research and Analysis in Implementing E-Procurement

In writing a thesis regarding the implementation of e-procurement in the GCG context, the normative legal research method is the right choice. This method involves the collection of primary, secondary, and tertiary legal materials, which are then analyzed with a qualitative approach. Through this research, it is expected that a clear picture of the extent to which e-procurement can be applied in order to support the principles of GCG in public companies.

Benefits of Implementing E-Procurement

The implementation of e-procurement in public companies can bring a range of benefits, including:

Increased transparency and accountability in the procurement process
Reduced costs and time associated with procurement
Improved efficiency and effectiveness in the procurement process
Creation of a more efficient market through healthy competition
Compliance with regulations stipulated in Law Number 40 of 2007 and Law Number 8 of 1995

Conclusion

By implementing an e-procurement system, public companies in Indonesia can not only meet the principles of good corporate governance, but can also increase efficiency and transparency in the procurement of goods/services. This system is an important step to ensure that all parties involved in procurement have fair and equal access, while maintaining the integrity of the company from adverse practices. That way, it is hoped that public companies can operate in a sustainable and responsible manner, in accordance with the demands of the times that continue to develop.

Recommendations for Future Research

Based on the findings of this research, the following recommendations are made for future research:

Further research is needed to explore the impact of e-procurement on the principles of good corporate governance in public companies.
A study should be conducted to examine the effectiveness of e-procurement in reducing corruption and increasing transparency in the procurement process.
A comparative study should be conducted to examine the differences in the implementation of e-procurement in public companies in Indonesia and other countries.

Limitations of the Study

This study has several limitations, including:

The study is limited to public companies in Indonesia and may not be generalizable to other countries or industries.
The study relies on secondary data and may not provide a comprehensive understanding of the implementation of e-procurement in public companies.
The study does not examine the impact of e-procurement on the principles of good corporate governance in public companies.

Future Directions for Research

Based on the findings of this research, the following future directions for research are suggested:

Further research is needed to explore the impact of e-procurement on the principles of good corporate governance in public companies.
A study should be conducted to examine the effectiveness of e-procurement in reducing corruption and increasing transparency in the procurement process.
A comparative study should be conducted to examine the differences in the implementation of e-procurement in public companies in Indonesia and other countries.

Conclusion

In conclusion, the implementation of e-procurement in public companies can bring a range of benefits, including increased transparency and accountability, reduced costs and time, improved efficiency and effectiveness, creation of a more efficient market, and compliance with regulations. This system is an important step to ensure that all parties involved in procurement have fair and equal access, while maintaining the integrity of the company from adverse practices. That way, it is hoped that public companies can operate in a sustainable and responsible manner, in accordance with the demands of the times that continue to develop.
Frequently Asked Questions (FAQs) about Implementation of Good Corporate Governance Principles through the E-Procurement System in Public Companies

Q: What is e-procurement and how does it relate to good corporate governance?

A: E-procurement is a modern solution that integrates technology into the procurement process, providing a range of benefits for public companies. By utilizing an e-procurement system, companies can ensure that each stage of the procurement process takes place transparently, preventing the practice of corruption, collusion, and nepotism (KKN). This is achieved through the use of a single platform that provides equal access to all parties involved, creating fair and equal opportunities for all goods and services providers.

Q: What are the benefits of implementing e-procurement in public companies?

A: The implementation of e-procurement in public companies can bring a range of benefits, including:

Increased transparency and accountability in the procurement process
Reduced costs and time associated with procurement
Improved efficiency and effectiveness in the procurement process
Creation of a more efficient market through healthy competition
Compliance with regulations stipulated in Law Number 40 of 2007 and Law Number 8 of 1995

Q: How does e-procurement support the principles of good corporate governance?

A: E-procurement supports the principles of good corporate governance by:

Ensuring transparency and accountability in the procurement process
Preventing the practice of corruption, collusion, and nepotism (KKN)
Creating fair and equal opportunities for all goods and services providers
Improving efficiency and effectiveness in the procurement process
Complying with regulations stipulated in Law Number 40 of 2007 and Law Number 8 of 1995

Q: What are the challenges associated with implementing e-procurement in public companies?

A: The challenges associated with implementing e-procurement in public companies include:

Resistance to change from employees and stakeholders
Limited technical expertise and resources
High costs associated with implementing and maintaining the system
Difficulty in ensuring the security and integrity of the system
Limited awareness and understanding of the benefits of e-procurement

Q: How can public companies overcome the challenges associated with implementing e-procurement?

A: Public companies can overcome the challenges associated with implementing e-procurement by:

Providing training and support to employees and stakeholders
Investing in technical expertise and resources
Conducting a thorough needs assessment and feasibility study
Ensuring the security and integrity of the system
Communicating the benefits of e-procurement to employees and stakeholders

Q: What is the role of research and analysis in implementing e-procurement?

A: Research and analysis play a crucial role in implementing e-procurement by:

Identifying the benefits and challenges associated with e-procurement
Conducting a thorough needs assessment and feasibility study
Evaluating the effectiveness of e-procurement in achieving the principles of good corporate governance
Identifying areas for improvement and development

Q: What are the future directions for research on e-procurement?

A: The future directions for research on e-procurement include:

Further research on the impact of e-procurement on the principles of good corporate governance
A study on the effectiveness of e-procurement in reducing corruption and increasing transparency in the procurement process
A comparative study on the differences in the implementation of e-procurement in public companies in Indonesia and other countries

Q: What are the limitations of this study?

A: The limitations of this study include:

The study is limited to public companies in Indonesia and may not be generalizable to other countries or industries
The study relies on secondary data and may not provide a comprehensive understanding of the implementation of e-procurement in public companies
The study does not examine the impact of e-procurement on the principles of good corporate governance in public companies

Q: What are the recommendations for future research?

A: The recommendations for future research include:

Further research on the impact of e-procurement on the principles of good corporate governance
A study on the effectiveness of e-procurement in reducing corruption and increasing transparency in the procurement process
A comparative study on the differences in the implementation of e-procurement in public companies in Indonesia and other countries.