A study on procurement performance evaluation

The main objective of the study was to study procurement performance and its evaluation. Procurement processes are important functions within any enterprise. Procurement is the process of acquiring, buying goods or services or works from an external source, often via a tendering or bid process. The procurement process involves two categories i.e. direct procurement and indirect procurement. Direct Procurements affects the production process of manufacturing firms. It encompasses all items that are part of finished products, such as raw materials, components and parts. The indirect procurement activities deal with operating resources that a company purchases to enable its operations. The success of any organization is depends on supply chain and procurement, because of this it is very important to evaluate the performance of procurement. The financial performance is also indirectly linked with the procurement of material. For the efficient and effective working of any organization or company need to measure procurement performance. For this research purpose descriptive research design was used in executing the study. The targeted group of the study was staffs who deal with procurement. The questionnaire design according to objective and send to respective person and the analysis made on the response collected from them. The results describe using table, graphs, etc.