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Portrayal Of Women In Wives Revole And Our Husband Has Gone Mad Again
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1.4 Significance of the Study
The research work is of immense significance.
First,
the researcher will benefit from this study as it is a basic
requirement in partial fulfillment of the award of Higher National
Diploma (HND) in Purchasing and Supply Management in Kaduna Polytechnic;
and without which the researcher cannot graduate.
Again, as a store
of knowledge, the research will serve as a guide for other researchers
who may want to do a further study on the same problem. It will also
benefit the organization understudied, to help it make a better choices
as to whether to insource an activity or outsource it. The general
public will also benefit from the explanation of this five principle,
other manufacturers and service providers will also find it handy and
helpful in deciding on the questions whether to insource or outsourced;
and the implications for each decision taken.
1.5 Scope of the Study
The
exercise is centered on the effect of Insourcing and Outsourcing on the
Productivity of Northern Cable Processing and Manufacturing Company
(NOCACO), Kaduna located at B12 Maichibi Road, Kakuri, Kaduna South. The
focus will be on purchasing, store and production departments of the
organization.
1.6 Research Questions
i) What are the processes the organization follows in outsourcing of contracts?
ii) What are the criteria used for outsourcing or insourcing?
iii) What are the benefits of outsourcing or insourcing?
iv) What are the cost involved in insourcing or outsourcing?
v) What are the effect of insource or outsource decision on productivity?
1.7 Definition of Terms
Sourcing:
This is a purchasing procedure through which buyers seek, survey and
evaluate suppliers and determine policies relating to those who will
most suitably meet the requirement of the buying organization.
Insourcing:
This is the process by which an organization takes responsibility for
providing services and conducting its operations in-house or in other
locations but by its own staff.
Outsourcing: This is the process by
which an organization contract out services and operations that are
usually conducted in-house to other firms that can do them better,
cheaper and faster.
Single Sourcing Policy: This describes a situation where the buyer places all orders with one single supplier.
Dual/Multiple Sourcing: This also describes a situation where the buyer shares the order among two or more suppliers.
Policy:
This is a management guide that cause managers to take action in
certain ways, by exposing the organization’s official strategies and
attitude to various forms of behavior.
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