| Abstract: | The purpose of the study was to assess the effectiveness of procurement plan and its implementation practice in Ethiopia taking the case of Commercial Bank of Ethiopia (CBE). The main assessment areas were on the internal factors, including: (i) the process and content of procurement plan and its implementation, (iii) specification completeness, and (iii) the planning stage price estimation relation with market realty. The study focuses on, assessing the plan versus the performance of the past two years, (2016/2017 and 2017/2018). The study deploys descriptive statistical method and the selection of the respondents was done using stratified random sampling techniques. Accordingly, questionnaires were distributed to potential respondents selected from the target population; and the responses were 95%. Based on the analysis, CBE has a trend in preparing procurement plan. However, having a plan by itself does not ensure success; it largely, depends on the extent of implementation. In the case organization the researcher uses indicators that is, the procurement plan, specification completeness and market price assessments were found poor and incomplete. Moreover, there was a long delay in the evaluation of technical documents. Despite, the work programs of the departments had affected much by the weak performance of procurement functions. Eventually, the study recommends that, the need for applying a collective effort on developing continuous training programs and vigorously and closely tracking the plan against the performance to make early corrective action |
