Author: 1Dt. David Ackah, PhD & 2Makafui R. A. Ackah
1Golden Sunbeam International College of Science & Technology & 2Accra Polytechnic
EXECUTIVE SUMMARY
Today’s organisations manage Procurement within an increasingly complex environment driven by regulatory changes and organisational restructuring. New product development, post-deal integration, outsourcing and policy implementation, in addition to traditional, but vital, system development and implementation, are amongst the current key Procurement initiatives organisations must manage. In fact, it’s difficult to imagine an organisation that is not engaged in some type of procurement activity. The ability to successfully execute these procurements is what drives the realisation of intended benefits and the achievement of business strategies. Organisations that execute procurement successfully employ effective procurement management practices as a tool to drive change and achieve the business objectives. Given the strategic impact that procurements have on a business, organisations must follow effective procurement management processes that measure progress and risks and ensure the right procurements can be delivered in alignment with organisational priorities. This document summarizes the results from a survey on the current state of procurement management maturity in organisations across the Africa.
Key Worlds: Procurement Practises, Supply Chain Management
