Procurement Performance Management and Value for Money
Value for money is the core principle governing procurement. Officials buying goods and
services need to be satisfied that the best possible outcome has been achieved taking into
account all relevant costs and benefits over the whole of the procurement cycle . This calls for client satisfaction, organisational interest, fair play, honesty, justice and
equity . Procurement practices have a bearing on value for money . The use of appropriate performance measurement metrics ensures reliability of inferences drawn from performance measurement data. This workshop is designed to bring out best practice in procurement performance measurement. Aims at comparing actual results with pre-set targets.
Objectives
- To establish the relationship between procurement planning and value for money .
- To find out the relationship between contracts management and value for money .
- To investigate the relationship between establishing supplier relationships management
and value for money .