GOAL 2: To promote efficient use of scarce resources. OBJECTIVES FINANCIAL ACHIEVEMENTS CHALLENGES IMPROVED STRATEGY IMPLICATIONS PERSON To ensure that An ERM (Pastel Possibility of Use of tendering process Bursar and the university Evolution) has collusion. for consolidated bulk Procurement receives value been installed that purchases for dry Manager for money from helps manage the Loss of value consumables. all its full processes of for money due transactions. requisitioning, to over or under Insist on formal needs procurement and specification. analysis exercise before subsequent purchasing goods and/or payment for services. goods or services. Procurement has To encourage the been partially creation of responsibility centralized. centres that are headed All centrally by individuals who are administered fully accountable for purchases are now their resource usage. subjected to needs analysis processes. A central stores has been constructed to facilitate
GOAL 2: To promote efficient use of scarce resources. OBJECTIVES FINANCIAL IMPLICATIONS ACHIEVEMENTS CHALLENGES IMPROVED STRATEGY PERSON To ensure that the university receives value for money from all its transactions. An ERM (Pastel Evolution) has been installed that helps manage the full processes of requisitioning, procurement and subsequent payment for goods or services. Procurement has been partially centralized. All centrally administered purchases are now subjected to needs analysis processes. A central stores has been constructed to facilitate Possibility of collusion. Loss of value for money due to over or under specification. Use of tendering process for consolidated bulk purchases for dry consumables. Insist on formal needs analysis exercise before purchasing goods and/or services. To encourage the creation of responsibility centres that are headed by individuals who are fully accountable for their resource usage. Bursar and Procurement Manager
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