AN ASSESSMENT OF PROCUREMENT PRACTICE IN THE CASE OF BANK OF ABYSSINIA

Abstract

Procurement can be defined as the acquisition of goods or services. It is a process that involves two parties with different objectives who interact in a given market segment. procurement is the process by which goods and services are acquired and is the process of the two (or more) different contractual parties, who have different aims and objectives, interacting and agreeing on a contract within a given market sector. The purpose of this research paper is to assess the practices of procurement activates of bank of Abyssinia (BoA). To accomplish this study, primary & secondary data were gathered. Furthermore, the study used purposive or judgmental sampling technique due to the fact that this technique enables the researcher’s experience to select the samples based on the necessity of their participation in the procurement practices. The data is collected through open and closed ended questioners & interviews. Accordingly, 120 (one hundred twenty) managerial employees of the bank were selected by the researcher and 97 (ninety seven) questioners were filled and collected. To analyze the research, descriptive method of data analysis were employed. The study brought about major findings and conclusions such as of coordination with internal users and suppliers and the process are not computerized system, it is affect the performance of the organization. The research finally recommends that, the bank must analyze the relationship with suppliers and buyers, must follow make or buy decisions, Must create coordination with user departments, as a department must prepare training and development to users and staffs, and Develop Eprocurement system.