Question: Procurement is said to follow a procurement cycle. Required (a) Describe the procurement Cycle. [15 marks] (b) What is the significance of procurement planning

Procurement is said to follow a procurement cycle. Required (a) Describe the procurement Cycle. [15 marks] (b) What is the significance of procurement planning in a project? [10 marks] QUESTION FOUR One of the objectives of procurement is to deliver goods and services needed to support the operations of a company. Required: (a) Discuss the importance of developing the correct specifications. [10 marks] (b) Explain, using examples, three (3) types of specifications commonly used in industry describing their merits and demerits. [15 marks]

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Question 1 Procurement Cycle a The procurement cycle refers to the series of steps involved in acquiring goods services or raw materials for an organization These steps typically include Identifying R... View full answer

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