CHALLENGES AND EFFECTIVENESS OF THE PURCHASING PRACTICE (ACASE STUDY IN WOLKITE UNIVERSITY)

Abstract

The research was conducted under the title of the challenges and effectiveness of purchasing practice. The main objective of the study was to assess the challenges and effectiveness of purchasing practice. The researcher used secondary data source and secondary data was gathered from different reference books. The major finding of the study shows that there is some problem in the purchasing area of the university. Effectively communicating, the importance of having efficient purchasing management which can be met by securing the purchase of right quality item, in the right quantity, from the right source, purchased for the right price and delivered at the right time. In General all the levels in the purchasing procedures helps to minimize the fraud that might exist along the way, but it still slows down the process to deliver an item or service on time. The manual states all the process that any purchaser has to follow in every process and this also helps to track down all the levels however it lacks to give proper emphasis on quality and tim