With the increasing cases of COVID-19 across the globe which is challenging the world’s economies and contributing to significant uncertainties in global markets, businesses and governments are under intense pressure to put in place drastic measures to mitigate the ravaging effects. The Government of Ghana in the quest to mitigate the impact on its operations, has directed all departments and agencies to cut down annual spends for the 2021 fiscal year by a 20%. The Government has also directed a 25% reduction in budget allocations to all State departments and agencies for the next 5 years. As the Manager in charge of Procurement in one of these state departments and agencies (You could name any), demonstrate how procurement and supply chain strategies could help to achieve these savings, bearing in mind the constraints of operating in the public sector.
With the increasing cases of COVID-19 across the globe which is challenging the world’s economies and contributing to significant uncertainties in global markets, businesses and governments are under intense pressure to put in place drastic measures to mitigate the ravaging effects. The Government of Ghana in the quest to mitigate the impact on its operations, has directed all departments and agencies to cut down annual spends for the 2021 fiscal year by a 20%. The Government has also directed a 25% reduction in budget allocations to all State departments and agencies for the next 5 years.
As the Manager in charge of Procurement in one of these state departments and agencies (You could name any), demonstrate how procurement and supply chain strategies could help to achieve these savings, bearing in mind the constraints of operating in the public sector.
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