Procurement is a critical function in leading organisations.
In an address to a Commonwealth Conference on Procurement in Gaborone yesterday, the Minister of Finance and Development Planning, Kenneth Matambo said governments and companies are increasingly emphasising the need to reduce costs, make quick decisions and establish more efficient processes to help grow the economy.
Matambo said for governments, public procurement is particularly important as it accounts for a significant proportion of GDP. "In Botswana, it is estimated that about 60 percent of the government development budget is spent through the public procurement system," the minister said. "There is no doubt, therefore, that procurement systems play a critical role in facilitating the realisation of government's development goals."
Efficient procurement procedures should contribute to efficient project implementation and service delivery. Matambo added that public systems must be integrated
He appealed to the conference to strive to establish a peer review mechanism aimed at enhancing transparency and performance of the public procurement system. The conference, he added, should also assist participants to come up with innovations for improving performance, thereby positively impacting on project implementation and service delivery.