Day: February 11, 2022

Stakeholder is a person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions, objectives and policies A stakeholder is anybody who can affect or is affected by an Read More …

There are several of types of specifications that are commonly used. The following are some of the most common forms: Functional Specifications: These are specifications that define the function, duty or role of the goods or services. It nominates what Read More …

1. Communication: clear unambiguous specifications facilitate communication between the purchasing organization and the supply market and also facilitate communication internally with users. 2. Comparison: clear unambiguous specifications facilitate a fair and more accurate comparison of suppliers‘ bids for contracts, as Read More …

A specification is a statement of attributes of a product, process or service. It is a detailed description of work to be done or materials to be used in a project: an instruction that says exactly how to do or Read More …

In Public Procurement there are generally three procurement categories: goods, works and services. Definition with examples Goods The term ‗goods‘ applies generally to all articles, material, commodities, livestock, furniture, fixtures, raw material, spares, instruments, machinery, equipment, industrial plant etc. purchased Read More …

Many people use the terms purchasing and procurement interchangeably, but despite their similarities they do have different meanings. Let‘s clarify any confusion on the difference between procurement and purchasing. PROCUREMENT Procurement function commonly encompass: purchase planning, standards determination, specification development, Read More …