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A procurement manager has been asked to justify the purchase of a large piece of...

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A procurement manager has been asked to justify the purchase of a large piece of capital equipment valued at £500,000 to internal stakeholders. The procurement manager decided to prepare the justification using a comprehensive formal business case due to the value of the purchase. Were they correct in doing this?

A.

Yes, as the value of the proposed purchase is substantial and would require a significant capital investment by the organisation and approval of the senior management team

B.

No, as the senior management would be able to make a decision on the proposed investment with little or no financial justification as they would be better placed to judge the requirement

C.

Yes, as the procurement manager should undertake a comprehensive formal business case justification whatever the value of the purchase is likely to be

D.

No, as the procurement manager can always make the decision to purchase the asset on their own without any involvement or permission from the senior management team

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