Internship Report on Procurement Process at Shopfront Limited

Abstract

This report is an attempt to summarize and analyze the 3-months long internship program carried out in Shopfront Limited (ShopUp) and is prepared as a requirement of the BBA in Technology Management program of Islamic University of Technology (IUT). This internship is the first step of gaining practical and professional experience. This report provides my experience and insights from this internship period.

As an intern of the procurement department, I had many responsibilities and tasks to complete. All of those experiences help my personal development and influenced my career path to a greater extent. It helps me understand the industry, organization and scope of growth.

Shopfront Limited is one of Bangladesh's largest e-commerce companies, with a mission to help millions of micro-entrepreneurs achieve success and grow their enterprises. As a commercial enterprise Shopfront Limited (ShopUp) was established with the purpose of bringing about a revolutionary change in the Bangladeshi e-commerce market by providing industry players with access to financing as well as a variety of services tailored to their needs. The company is expanding its operations in order to boost revenue and provide a positive work environment for its employees. I have clarified the history, mission and vision, tasks and overall key features of ShopUp in this article.

The procurement department of ShopUp works for all its business units. Procurement is considered as a strategic function in ShopUp that serves to improve the organization's profitability and lower the 'bottom line”. This report reflects the overall procurement operational flow and practices ShopUp follows to ensure optimum growth and smooth operation. Since, ShopUp is a startup and comparatively new company, it has many limitations. There are several recommendations which I believe will help ShopUp to bring positive outcomes.

I profited from the internship program in a number of ways. I learned about the startup environment and how a startup company operates as a result of my internship. I believe that this knowledge will be extremely beneficial to me in my future profession.