Month: February 2022

E-procurement is the combined use of information and communication technology through electronic means to enhance external and internal purchasing and supply chain management processes. This tool and solutions deliver a range of options that will facilitate improved purchasing and supply Read More …

Electronic commerce, commonly known as E-commerce or ecommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies Read More …

RFID tags contain a chip and antenna that emit a signal, using energy from a radio frequency reader, which contains information about the container or its individual contents. RFID tags vary widely in memory, frequency, power source, and cost. Radio Read More …

Cost reduction and efficiency gains – these can be achieved by streamlining the supply process and freeing up supply staff to do more value-adding work. Data accessibility – quick and easy access to critical data in real time aids sound Read More …

An accounting officer of the procuring entity may dispose assets by a method which may include the following: Transfer to another public entity or part of the public entity. Sale by public tender. Sale by public auction. Trade in. Dispose Read More …

1. Employees in charge of disposable item shall bring the matter to the attention of the disposal committee through the head of the procurement function. 2. The employee will create the above attention within reasonable time after the asset becomes Read More …

1. Requisition. All requests for issuance of goods from stock shall be covered by the requisition and issue venture (RIV) from which is the official document designed for this purpose. All the requests for issuance of the requirements shall be Read More …

Types: 1. Firm fixed price. Also known as Lump sum. It is generally utilized in government based project. Here the seller and the purchaser make a deal on a fixed price on a certain project. Furthermore the seller is objected Read More …

Similarities. 1. Provides goods, works and services to the public. Contrast. 1. Funding government funds public, private is funded. 2. Public procurement is governed by PPRA. Private is not. 3. Open tendering is the preferred method for public procurement while Read More …

1. Lack of proper experts to develop or understand proper documents e.g. specifications contract documents. 2. Compliance with the contract requirements. 3. Collaboration and cross-function with other departments. 4. Competition e.g. technology. 5. Change in Business environment i.e. prices fluctuate.