Month: February 2022

Market surveys help businesses make better decisions about the types of products and services they offer, prices, how to deal with competitors and whether to enter or exit markets. Analysis of market surveys can prevent a business from making a Read More …

Market surveys can be administered in several ways. Paper surveys or questionnaires that businesses hand out in public or mail to consumers are common forms of market surveys. Businesses such as restaurants and service companies often use questionnaires to gather Read More …

Market research describes the gathering and analysis of market data, such as consumer preferences, trends in market prices and the presence of competing products. A market survey can describe any study that gathers information directly from consumers by asking them Read More …

Lack of planning leads to: Delay in project implementation Inadequate supplier response Procurement process shortcuts Higher prices of goods, services and works Insufficient lead time Claims of unethical or unfair dealings Delay requisitions to create false emergencies

1. Staff Competence and Procurement Planning Competency is defined as a capability, ability or an underlying characteristic of an individual which is casually related to effective or superior performance. Competence is a cluster of related abilities, commitments, knowledge, and skills Read More …

1. Develop and communicate an accurate requisition plan 2. Seek proper justification of emergencies 3. Training of requisitioners