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What is procurement?
The procurement is the process of which goods and services are bought to Increase the efficiency, fairness, and transparency of the expenditure of resources to achieve sustainable development.
What is the role of the procurement function in achieving the projects strategic goals?
The procurement under the World Bank funded projects is about 60%-70% of the total grant, therefore it help the organization to lower the cost structure, improve inventory control, and even improve product quality and durability.