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Shall finance department control procurement activity or conversely?

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Question added by Ruslan Yussupov , Procurement Project Coordinator (EPC) , Bonatti SpA
Date Posted: 2017/11/08
Mohammed Awad
by Mohammed Awad , Regional Supply Chain & Operations Director , Tamakkon Co.

That would be a sort of a conflict of interest and there sould be a sort of segregation of duties to avoid any such conflict.

 

Usually finance can buy at very small values.

jasmina malnar
by jasmina malnar , Head of Marketing and Indirect Procurement , Hrvatski telekom

It's really funny that procurement should almost always sit in finance although it is in its nature as commercial as sales.

Finance should not control procurement - audit controls procurement! Finance is just where our beans get counted.

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