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(Solution) Royal Commission for AIUla (RCU) PDV- Driving Value Through Procurement and Supply; Managing Expenditures with Suppliers
In modern-day commercial organizations, the procurement department and the supply management department are both essential components.
Procurement entails purchasing of goods and services required for the daily operations of an organization. It involves sourcing goods and services from external suppliers.
Strategic procurement is vital for a firm’s success because it helps firms to obtain the required goods and services in the required at the right time and amount hence preventing surpluses that may result in waste.
This paper provides an assessment of the Royal Commission for AIUla (RCU) procurement of Information Technology software as an area of spend.
Similarly, this paper offers an assessment of the role of RCU partners in the procurement process. Different models that are relevant to procurement and supply management have been analyzed in the context of procuring IT software as the area of spend.
This paper has recommended that RCU should establish relevant processes for the execution of procurement processes to effectively manage the resource and hence get value for money