PROCUREMENT COMMITTEE

PROCUREMENT COMMITTEE

Composition of Procurement committee

Procurement committees are specialized groups within organizations tasked with overseeing the procurement process

Chair Person	: Dr. IRALA VENKATA MAMATHA
Convenor	: Mrs. V ROOPA SARITHA REDDY
Member
	: Mr.SRINIVASULU A
	: Ms. POLICHARLA SUDHAMANI

Functions

1. Policy Development: Establishing and reviewing procurement policies and procedures to ensure compliance with legal and regulatory requirements.
2. Vendor Selection: Evaluating and selecting suppliers or vendors based on criteria such as quality, cost, reliability, and alignment with organizational values.
3. Budget Oversight: Monitoring and approving budget allocations for procurement activities, ensuring that spending aligns with financial strategies.
4. Contract Management: Overseeing the negotiation and management of contracts, ensuring terms are favorable and compliance is maintained.
5. Risk Assessment: Identifying potential risks in the procurement process and developing strategies to mitigate them.
6. Quality Assurance: Ensuring that the goods and services procured meet the required quality standards and specifications.
7. Performance Evaluation: Assessing vendor performance and the effectiveness of procurement strategies, making adjustments as necessary.
8. Stakeholder Engagement: Collaborating with various departments to understand their procurement needs and ensuring alignment with organizational objectives.
9. Training and Development: Providing guidance and training for staff involved in procurement to promote best practices and compliance.
10. Reporting and Accountability: Generating reports on procurement activities and expenditures, ensuring transparency and accountability to stakeholders.