
The Balunywa Leadership Academy
February 27, 2025 at 04:01 PM
*BALUNYWA FOUNDATION*
_The leadership Academy_
*Youth Mentorship Programme*
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_Theme_ : *Get up and Go "No Body Owes You a Living"*
*PROCUREMENT PROCESS AS A SOURCE OF BUSINESS FAILURE*
_In business, a large number of things are bought and used, either in production or as part of the overheads or simply sold. This procurement function is extremely important because of the large amounts of money used. Therefore, it must be done well for the organisations to get value for the money that is spent. Procurement has become a profession because of its importance and the amounts of money involved in buying things that are used in organisations. In trade, Procurement of goods and services is much more important than the labour cost. Labour tend to be more important in manufacturing. Because of the amounts of money spent, if the procurement process is not done well, or if the pricing is poor or if goods received are not of good quality, this may lead to business failure. How can the procurement process be managed well to ensure that it does not lead to business failure?_
Topic: *Procurement Process as a Source of Business Failure*
*Presenter*
- Mr. Robert Opwanya
*Date :* Thursday, February 27, 2025.
_*Time:* 6:00Pm- 8:00Pm: 6:00pm-7:00 pm is a musical session with motivational videos. _*Join early.*_
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