The objects of this Bill are to— (a) continue the existence of the Zambia Institute of Purchasing and  Supply and re name it as the Zambia Institute of Procurement and  Supply and re-define its functions

(b) promote and enhance the procurement and supply profession;

(c) provide for the registration of procurement and supply professionals  and procurement and supply  firms, and regulate their practice and professional conduct;

(d) repeal and replace the Zambia Institute of Purchasing and Supply  Act, 2003; and

(e) provide for matters connected with, or incidental to, the foregoing.