Financial management between private and public sectors

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Reference no: EM132699005

A friend of yours working in supply chain management in the private sector says he recently had a discussion with some of his colleagues on the difference between financial management in the public and private sectors. He asked if you could explain the difference between financial management in the private and public sectors as well the statutory prescripts regarding supply chain management in the public sector, to which you agreed.

Required: Briefly explain the difference in financial management between the private and public sectors and then explain what the intention of the Preferential Procurement Policy Framework Act 5 of 2000 is.

Reference no: EM132699005

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