| 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. |
