EFFECTIVE PROCUREMENT MANAGEMENT SYSTEMS IN NONPROFITS: A CASE STUDY OF JAAGO FOUNDATION TRUST

Abstract

This study addresses the procurement procedures of JAAGO Foundation Trust, a nonprofit organization in Bangladesh, and studies its efficient procurement management systems. I participated on several kinds of procurement projects during my internship, allowing me an in-depth view of how JAAGO processes its purchasing operation. The research analyzes the foundation procurement policies, practices, and controls with an emphasis on the administration of resources focusing on reliability, effectiveness, and openness. The research investigates significant domains involving budgeting, requisitioning, bid analysis, quotation gathering, and payment processing. It further focuses on the crucial role of internal controls and the procurement committee in verifying compliance to legal obligations and vendor criteria. Additionally, there is also debate of problems that emerge with procurement operations, like difficult paperwork and financial validation. Drawing on my personal practical knowledge, I present proposals to improve procurement efficacy and implementing strict financial control guidelines in non-profit organizations. The expertise that I gathered from this internship strengthens my deeper understanding of the way successful procurement processes influence the general health of a foundation.