Case Study: Procurement, Its Growth, & increasing role in Socioeconomic Development During the last two decades procurement has undergone profound changes. Policy makers, academics and practitioners alike share the broad view that public procurement has evolved from a clerical signoff-ridden set of activities to a strategic tool to enhance efficiency in public organizations, to regulate markets, promote sustainable development and ultimately attain value for money. The use of various procurement methods has also taken shape and has been the primary carrier of the value for money objective in organizations. However, challenges like corruption, financial shortage, and knowledge gap among key procurement Actors cannot be underestimated in dragging back the progress of the profession. Governments often base their reforms on the assumption that public procurement is an effective tool for pursuing a heterogeneous array of socially relevant objectives. Often, unfortunately, policy debates tend to focus on how to expand the list of objectives rather than to assess the potential compatibility of those agreed objectives. A major problem, however, has to be solved even before getting to the compatibility issue, namely how to measure the effectiveness of procurement choices for each single objective. The difficulty is such that most discussions about the outcomes of public procurement strategies boil down to estimating the value of savings from competitive procedures and/or from streamlining processes by using electronic means, although it far from being clear that commonly shared methodology on how to compute savings has been reached. Using the knowledge you have acquired in this course, advice on question one (1) and two (2): Q.1 a) As an expert in warehousing, write a three paged report detailing why it's important for countries to priorities values for money in procurement (15 marks). b) While citing the various procurement methods, advice (in two pages) why it's crucial to follow competitive bidding methods of procurement (10 marks) Total 25 Marks