IDENTIFICATION OF NEED IN CAPITAL ASSET PROCUREMENT

Abstract

The main objectives of procurement are to acquire the right product with the right quantity. The procurement office gathers all the requirements and identifies possible suppliers. This involves obtaining the lowest purchase price for high quality products, ensuring suppliers reliability and maintain transparency in the procurement process. This paper reviews the current study of procurement process and explored the prerequisite in identifying the need before the procurement process begins based on qualitative studies through semi-structured interview and document analysis in the perspectives of Defence landscape. The findings revealed that the current procurement process should include the concept and requirement analysis before making decision on purchasing the capital asset. Based on the study, findings it will be benefitted to the ministry and other government agencies on requirement to be consider before purchasing a new capital asset.