Internship Report On “Procurement Activities at Arman Engineering Ltd.”

Abstract

The internship report "Procurement Activities at Arman Engineering Ltd" gives a comprehensive overview of the numerous duties and operations carried out inside the Arman Engineering Ltd. Procurement Department. The internship aims to shed light on the department's critical role in ensuring the efficient procurement of raw materials and supplies, which affects the organization's overall performance. The article opens with a review of Arman Engineering Ltd. including its history, mission, and vision. It also briefly outlines the Procurement Department's significance in the context of the company. The report's major section delves into the Procurement Department's activities and responsibilities. This entails a complete analysis of the procurement process, beginning with supplier selection and evaluation and progressing through order placement and inventory management. The study also discusses the department's challenges and opportunities, such as ensuring a consistent supply of high-quality goods while reducing prices and adhering to ethical and sustainability standards. The research examines a wide range of procurement methods and tactics, including vendor assessment, negotiating strategies, and procurement software. Furthermore, the need of effective internal and external communication and cooperation is highlighted as crucial to the department's success. The paper also examines the role of technology in current procurement procedures, highlighting the benefits of digitization and automation. It also covers the department's responsibility for ensuring legal and regulatory compliance. Finally, the internship at Arman Engineering Ltd. Procurement Department provided me with valuable insight into the intricacies and challenges of procurement in a dynamic and competitive sector. The department's commitment to quality, innovation, and sustainability is laudable, and its impact on the organization's performance should not be underestimated. This internship has underlined the need of effective procurement methods, as well as the necessity for continuous development and agility in a rapidly changing corporate landscape.