Procurement process of NRB Bank Ltd.

Abstract

This report provides a comprehensive analysis of the procurement process at NRB Bank Ltd., a leading private sector bank in Bangladesh. The bank's procurement activities, strategically embedded within its Facilities Management Division (FMD), play a crucial role in its daily operations, branch expansion, and technological advancement. The report compares NRB Bank's procurement policy with the Chartered Institute of Procurement & Supply (CIPS) process and the Public Procurement Regulations (PPR) of Bangladesh, identifying gaps and offering recommendations for improvement. The report concludes with a discussion on whether NRB Bank Ltd. needs a separate procurement division, considering various factors such as the bank's future growth aspirations and industry best practices.