Recognition of Procurement Functions in an Organisation
EASTERN POLYTECHNIC
KENEMA
TOPIC: RECOGNITION OF PROCUREMENT
FUNCTION IN AN ORGANISATION
CASE STUDY: PROCUREMENT DEPARTMENT – BO-KENEMA POWER SERVICES
(BKPS)
SUBMITTED TO: THE NATIONAL COUNCIL FOR VOCATIONAL AND OTHER ACADEMIC AWARDS (NCTVA)
SUBMITTED BY: M. M. KAISAMBA
SUPERVISED BY: MS. AMIE E. E. ZOMBO
Date Submitted June 2013
CHAPTER ONE 1.0 INTRODUCTION
Public and Private Sector Organizations are more concerned about pricing policies than any other aspect of their business. Pricing is so important in marketing that it has been singled out as one of the four Ps in marketing. In many case, setting a price poses no problem especially when the organizations products or services is identical to that of its competitor. Rational consumer will not pay a higher price than they know is being charged elsewhere for a product they regard as identical. In such cases, all the organization can do is to follow competitors and hope to keep cost within prices. Pricing policies concerning products or services involve much more and it is directly linked to the profitability of an organization. It requires that everyone participating in the pricing function have full consciousness of the economics of the market place. It also requires the social moral and legal principles being given serious attention. Furthermore, it also needs the establishment of sound objects and carefully planned policies to affect profitability in a positive direction.
The primary objective of any business organization is to survive. In order to achieve this, it must make a profit. Some people believe that all businesses are seeking to make the maximum profit possible. This however, is not always the main goal of an organization. Many businesses are happy to achieve a satisfactory level of profit to keep them in business and provide the owners and the workers with a reasonable standard of living.
2.1 BACKGROUND TO THE STUDY
The Bo-Kenema
KENEMA
TOPIC: RECOGNITION OF PROCUREMENT
FUNCTION IN AN ORGANISATION
CASE STUDY: PROCUREMENT DEPARTMENT – BO-KENEMA POWER SERVICES
(BKPS)
SUBMITTED TO: THE NATIONAL COUNCIL FOR VOCATIONAL AND OTHER ACADEMIC AWARDS (NCTVA)
SUBMITTED BY: M. M. KAISAMBA
SUPERVISED BY: MS. AMIE E. E. ZOMBO
Date Submitted June 2013
CHAPTER ONE 1.0 INTRODUCTION
Public and Private Sector Organizations are more concerned about pricing policies than any other aspect of their business. Pricing is so important in marketing that it has been singled out as one of the four Ps in marketing. In many case, setting a price poses no problem especially when the organizations products or services is identical to that of its competitor. Rational consumer will not pay a higher price than they know is being charged elsewhere for a product they regard as identical. In such cases, all the organization can do is to follow competitors and hope to keep cost within prices. Pricing policies concerning products or services involve much more and it is directly linked to the profitability of an organization. It requires that everyone participating in the pricing function have full consciousness of the economics of the market place. It also requires the social moral and legal principles being given serious attention. Furthermore, it also needs the establishment of sound objects and carefully planned policies to affect profitability in a positive direction.
The primary objective of any business organization is to survive. In order to achieve this, it must make a profit. Some people believe that all businesses are seeking to make the maximum profit possible. This however, is not always the main goal of an organization. Many businesses are happy to achieve a satisfactory level of profit to keep them in business and provide the owners and the workers with a reasonable standard of living.
2.1 BACKGROUND TO THE STUDY
The Bo-Kenema
Bibliography: 1. Guy Callender (CIPS Australia) Journal – A Short History of Procurement (2007) 2. Joint World Bank and OECD work Methodology for Assessing Procurement System (MAPS) 3. Pty Ltd (CIPS Australia) Definition of Procurement and Supply Chain Management (June 2007) 4. SL Gazette Vol CXXXV No. 70 Public Procurement Act 2004 5. NPPA Regulations on Public Procurement (1st Edition – 2006) 6. Baily, Farmer, Crocker, Jessop & Jones Procurement Principles and Management (10th Edition)