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Volume : I, Issue : III, April - 2011

Effectiveness of Procurement Systems of the Colleges

B. D. Karhad

Published By : Laxmi Book Publication

Abstract :

Effectiveness is the extent to which an activity fulfils its intended purpose or function. Whereas, the Cost effectiveness is giving the most profit or advantage in exchange for the amount of money that is spent. Things are changing; increasing awareness that on average, a manufacturing company spends 50 to 60 percent of its revenues to buy materials and supplies has made procurement function a promising area to hunt for facing global competitiveness. This fact has been already realized by some of the progressive companies in India and they have started placing best people in their purchasing functions.

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Cite This Article :

B. D. Karhad, (2011). Effectiveness of Procurement Systems of the Colleges. Indian Streams Research Journal, Vol. I, Issue. III, http://oldisrj.lbp.world/UploadedData/113.pdf

References :

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  13. Newman, D, 2005, 'How is procurement strategically important to an organization?' Summit Group, Provided by ProQuest Information and Learning Company
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