Question

1. Give two examples of what could go wrong in the procurement process

2. List 3 important(key) controls in the procurement process

Answer 1

1) below are the two process can go wrong in the procurement process.

a) chances of breakdown of trust and good relationship between the buyer and seller which eventually harm the procurement process.

b) In effective logistic or supply chain management to procure the raw materials or resources during the procurement process.

C) supplying of wrong materials or resources or quality products to customer through procurement process.

2) below are the few important controls in the procurement process.

• Inventory management
• Market demand and supply
• Logistic and supply chain management
• Production management
• Financial management

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