Assessment of Foreign Procurement Practices Metahara Sugar Factory

Today global an open air economy as more goods and services are procured from other countries, the wealth of those economies increases. But international procurement is not guided merely by simple rules, as every country wants to protect its interest and controls the international trade emanating from its shores through protective legislative measures (P. Gopalakrishnan, 1990).The foreign procurement of the factory is challenged by lack of foreign currency, delay of shipment delivery & goods in transit, suppliers' source & evaluation, financial shortage, claims settlement and so on. Based on the findings, the researcher has finally thrown such recommendations as the case factory shall perform its foreign procurement in an effective manner employing the five basic principles of procurement and trying to reduce the possible ways of challenges faced and also the factory shall introduce Enterprise Resource Planning (ERP) system for holistic doings.Therefore, this research work is aimed to come back with new thought against such problems and to bridge the foreign procurement gaps shown there.