How firms can overcome fraud and wastage in technology procurement

BDProcurement

Kenya has come a long way in formulating procurement laws. PHOTO | SHUTTERSTOCK

The fast-paced adoption of technology has been met with both enthusiasm and apprehension. While it promises to enhance efficiency and innovation, the dark shadows of fraud and wastage loom over technology-related procurement.

Organisations are adopting technologies to, among others, enhance customer experience, reduce costs, bolster operational efficiency and productivity, and facilitate decision-making.

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