Value for money. Term contracts for repetitive requirements. Streamlined procedures and control measures. Establishing trained and competent SCM officials. Effective use of procurement stages. Discount for payments. The regular management of cash flow. Determine the net present value of each project. Make use of economies of scale. Determine total cost of ownership (TCO). The TCO is used for decisions on ownership of assets. All costs applicable to ownership should be included in any analysis where decisions should be made on the options of owning a capability or the contracting for the supply of the service. The cost of ownership should be projected over several years to obtain a balanced result about the actual costs and the influence of the decision on future budgets. The optimum method to satisfy the needs must be evaluated by the following dimensions to determine the optimum method: Equity Measures of equity would monitor the extent to which the municipality has achieved and been able to maintain an equitable supply of comparable services across race groups, regions, and urban and rural areas. Efficiency Measures of efficiency seek to reflect how productively resources are translated into service delivery. Economy Measures of economy look at the cost of inputs, and mode of production to evaluate whether it is cost-effective. Effectiveness
Value for money. Term contracts for repetitive requirements. Streamlined procedures and control measures. Establishing trained and competent SCM officials. Effective use of procurement stages. Discount for payments. The regular management of cash flow. Determine the net present value of each project. Make use of economies of scale. Determine total cost of ownership (TCO). The TCO is used for decisions on ownership of assets. All costs applicable to ownership should be included in any analysis where decisions should be made on the options of owning a capability or the contracting for the supply of the service. The cost of ownership should be projected over several years to obtain a balanced result about the actual costs and the influence of the decision on future budgets. The optimum method to satisfy the needs must be evaluated by the following dimensions to determine the optimum method: Equity Measures of equity would monitor the extent to which the municipality has achieved and been able to maintain an equitable supply of comparable services across race groups, regions, and urban and rural areas. Efficiency Measures of efficiency seek to reflect how productively resources are translated into service delivery. Economy Measures of economy look at the cost of inputs, and mode of production to evaluate whether it is cost-effective. Effectiveness
SCM-Policy.docx