Procurement no longer just about efficient acquisi...

Procurement no longer just about efficient acquisition of goods - PRAZ

New Ziana – Public procurement is no longer just about the efficient acquisition of goods and services, but it has evolved into a strategic lever for driving sustainable development, fostering innovation, and building resilient supply chains worldwide.

Procurement Regulatory Authority of Zimbabwe chairperson, Ntombenhle Moyo said this while addressing delegates at a two-day 3rd Annual Public Procurement Symposium being held at the Zimbabwe International Exhibition Centre.

The symposium, which drew local and regional delegates, is meant to assist procurement officers keep track of latest developments in their profession.

“Public procurement is no longer just about the efficient acquisition of goods and services, it has evolved into a strategic lever for driving sustainable development, fostering innovation, and building resilient supply chains worldwide.

“Our vision is to always regulate public procurement to attain transparency, efficiency, effectiveness, and cost saving procurements in the public sector and this is achieved through initiatives such as this symposium,” said Moyo.

The symposium is running under the theme, “The Future of Public Procurement, Emerging Trends and Opportunities.” She highlighted that PRAZ’s role is to foster an enabling environment that empowers public procurement practitioners to navigate the evolving landscape and harness the potential of emerging trends.

“I am aware of the evolving challenges and transformative forces shaping the future of this critical domain. This platform will help to unpack all the new developments in the sector,” she said.

Moyo pointed out that the adoption of key emerging trends that are fostered by innovation has seen a number of public procurement players registering on the electronic Government Procurement.

“As a regulator, we stand at the cusp of remarkable changes, driven by several key emerging trends and those that are fostered by innovation.

“Since the roll out of the electronic Government Procurement system, there has been a significant chunk of public procurement players registering on the platform,” she said.

She implored players to embrace new technology, adding that eGP is a game changer in the procurement landscape. PRAZ introduced the new eGP to ensure transparency, consistency, and efficiency in the procurement process.

The eGP system helps ensure compliance with relevant laws, regulations, and policies governing the procurement process as well as providing a level playing field for all suppliers, ensuring fair and open competition. Moyo also told the delegates that the crafting of a training module for eGP is underway to provide tailor made solutions for players’ needs.

“The development of training modules is ongoing, in a clear sign of tailor making solutions to meet your needs,” she explained.

Moyo stressed the need to consider embracing the growing imperative of aligning public procurement with environmental, social and governance goals.

“I implore you all here to consider this emerging trend of integrating green procurement practices, supporting local and marginalised and previously disadvantaged businesses, and measuring the socio-economic impact of your purchasing decisions that are becoming essential,” Moyo said.

Speaking on the same event, PRAZ Chief Executive Officer Clever Ruswa underscored the need for practitioners to adhere to ethical codes of conduct so as to safeguard the procurement profession.

“We need to be aware that there is integrity and public trust at stake, considering the issue of public funds that we use.

“As such, procurement decisions should be based on objective criteria, such as value for money, technical merit, and the overall best interests of our organisations.

“I, therefore, implore you to maintain impartiality and avoid any undue influence or bias in your decision-making processes,” said Ruswa.

He also spoke on the need for procurement professionals to separate personal interests from professional responsibilities to avoid conflict.

“Codes of conduct promote transparency in the procurement process, by ensuring that decisions and actions are well-documented and open to public scrutiny.

“This transparency enhances accountability and helps prevent corruption or misuse of public resources,” said the chief executive officer.

In fulfilling government`s devolution agenda, PRAZ recently opened new offices for Bulawayo and its environs.