Procurement is an important function to ensure meets its organizational goals. While Procurement is a support function for the organization, it is nevertheless a core function and critical to enhancing programme/project delivery. Procurement is a part of the process of achieving development project outcomes. Therefore all procurement activities are framed in the context of programmes and projects.

So the Procurement is a managerial discipline in this function need to acquire and enhance certain managerial skills, tools, and including procurement risk management, procurement strategies development and procurement planning.

Therefore the main benefits approach of procurement risk assessment, procurement strategies development and procurement planning serve as a bridge to cover the gap between programme and operations. They are also critical to programme delivery. Benefits of this approach include Best value for money, timely procurement; avoid unnecessary and unjustifiable emergencies, better allocation of existing resources, sufficient time to fully explore alternative procurement approaches, possibility to aggregate demand.

So in Procurement successful criteria is that Joint Planning between programme and procurement in the early stages, Good flow of communication, understanding of the procurement requirements, understanding of the market and associated risks, live process with structured revisions and feedback mechanisms.

In perception of researcher the procurement planning programme is very essential for fulfilment requirement of production demand and achieving goals for marketing and save the risk and shortage of availability of quality products production and marketing respectively. So the procurement development should be improving gradually with the strategies.

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Construct Definition

Procurement: responsible for acquiring the goods and services necessary for the company. Sometimes organized as:

Procurement is the acquisition of goods and/or services at the best possible total cost of ownership, in the right quality and quantity, at the right time, in the right place and from the right source for the direct benefit or use of corporations, individuals, or even governments, generally via a contract, or it can be the same way selection for human resource. Simple procurement may involve nothing more than repeat purchasing. Complex procurement could involve finding long term partners ” or even ‘co-destiny’ suppliers that might fundamentally commit one organization to another. Procurement can refer to buying, outsourcing, etc of any resources. (www.wikipedia.com)

Procurement Strategy: determines the company’ needs and plans for acquiring the necessary raw materials and services for the company.

Procurement strategy is a identification of need, defining of specification, defining contractual terms, sourcing the market, supplier appraisal, inviting quotes/tenders, analysing quotes/tenders, Negotiation where applicable, contract award/order placement, receive, evaluation of suppler, review of supplier performance, payment , vender rating two way feedback . (www.brentwood.com)

Background Information

In any organization, procurement strategies playing a vital role. Without procurement not only fulfils the requirement but also stop the production plan of any organization. So, the procurement structure is very important in any organization. So we study the pharmaceutical industry and its procedure of procurement. Different companies have different mode of procurement procedures. In this procurement procedure, the pharmaceutical companies receive the services or goods in raw shapes through supply chain system like import and local procurement system. Researcher is a Senior Procurement Officer in Star Laboratories (PVT) LTD. Lahore which is handling all Local Raw Materials, Packing Materials, Miscellaneous Items and any other special assignment of high management. Therefore we discuss the little introduction of Star Laboratories (PVT.) LTD.

Star Laboratories was registered in Lahore in 1960 as a partnership concern being a very small unit. Star Laboratories (Pvt.) Ltd. having a very large unit with a covered area of 86061 stf having an authorized capital of Rs.30 million and paid up capital of Rs.20 million.

Star Labs’ growth has been unprecedented. 1978 a Milestone when Star Labs was incorporated as a limited company emerged in the national streamline of growing pharmaceutical industry of the country and this achievement is still maintained in improving quality stability and reliability of veterinary and human products.

Star’s greatest asset is its human resource with present strength of more than 700 employees. Star believes that they have achieved this landmark with the loyalty honesty and hard work of their human resource.

A new era started in 1970 when Star started and multiplying their veterinary products by a margin to multinational with the aim and target to provide our 80% population of rural area the veterinary products for livestock development at a low and reasonable price for the prosperity and ease of our poor country competing the multinational.

Star is the market leader in Veterinary medicines producing almost complete range of veterinary products. A break through came in 1995 when Star was shifted to the new modem well equipped pharmaceutical plant at 23-Km, Multan road, Lahore with a refreshing aim of serving nationally and acting globally.

Professionals from the field of pharmacy & business administration carry out manufacturing at Star in accordance with the rule of Good Manufacturing Practices (CGMP) following international standards of quality management systems. From incoming raw and packing material, to in-process control till the finished goods, Quality Control Department intervenes at every stage to check the standard and the methodology of manufacturing.

Star’s reputation over a reasonable span of 44 years has opened new horizons for its veterinary products in global connection for exports to Saudi Arabia, Kuwait, Sri Lanka, Nigeria, Sudan, U.A.E, Ethiopia, Lebanon, Kenya, Yemen, Mauritius, Mauritania, Turkmenistan, Uzbekistan, Guyana and Somalia.