Volume : I, Issue : III, April - 2011 Effectiveness of Procurement Systems of the Colleges![](ArticleImage/No_Image.jpg) 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. Keywords : Article : 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 : - Babbage, C., On the Economy of Machinery and Manufactures, London, Charles Knight, Second edition, 1832, p. 202.
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- http:/www.univpune.ernet.in.indexout.htm
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