Abstract:
In this report, a detailed outline is provided on the internship experience in the Akij Food and
Beverage Ltd. (AFBL), at the Procurement Section in the Supply Chain Management Department.
This report will be changed to Financial and Operational Evaluation of Vendors at Akij Food and
Beverage Ltd. That is why my major is Finance and it demonstrates the impact of procurement
activities on financial performances. There are several activities that were part of my internship. I
also helped in the evaluation of performance of the vendors, maintained records of purchases,
discuss payment terms with Financial Department, and examined the offers made by the suppliers.
These exercises allowed me to implement in practice what I hoped to learn in my studies through
cost management, working capital management and cost analysis into the real-life supply chain
activities. The experience helped me to have a better understanding of how the effectiveness of the
vendor pricing system, payment terms and delivery reliability can impact a particular cost of the
purchases utilized by the company, its working cash flow and financial outcomes. The report
presents the organizational structure of AFBL, conditions of evaluation of the vendors, operational
relationship, and financial relationships, challenges being faced by the organization, and the
opportunities that the organization could strive on to enhance the performance of the organization.
To sum up, this internship has helped me enhance my analytical and decision-making skills and
enrich my perception of the strategic component of procurement in cost-efficiency and financial
success. The recommendations and analysis contained in this report are intended to assist the AFBL
in its vendor evaluation procedure and proceed with further purchasing activities with the emphasis
on financial discipline.
