Procurement review committee (PRC) an administrative action which
established the terms and actions of the procurement policy.
This committee basically leads to those actions which comes after the end of contract awarding or in between the contract like amendment.
Different staff members are being nominated for
the PRC committee from different departments which are directly or partially
involved in the legal procurement process. Presence of all the concern members of the staff
is important for the organization,procurement process and the committee it
self.
Mostly the committee has been called by the head
of organization like chair person, and meetings are mostly called twice a month
or once a week. It does not include presentation it is basically
a general audit of procurement process by the head of organization and its
members.
Amendments , renewals, or any modification are
taken by this committee after consultation with departments,this is an
non-executive committee and such as has no delegated authority. Duty of the committee is to approve business
cases for the procurement of goods and services.
If you want to know that how your procurement actions can
be performed, these key actions can be used to facilitate and measure benchmark
supply management efficiency and effectiveness.