-
An Analysis Of The Procurement Reforms Act As A Tool For Cost Savings And Accountability In Krpc
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
-
-
1.1 Background of the Study
The researcher developed interest
to write on this topic because of personal interest in procurement
reforms act and persona interaction with some staff who work in the
procurement department under the umbrella of material management
department (MMD) in Kaduna Refining and Petrochemical Company (KRPC).
The
researcher got an insight into the procurement activities of the
company the company and the problems facing them and therefore feels
that it would be of great benefit to the company to conduct a detailed
study into its purchasing departments with the aim of identifying the
problems and after necessary suggestions toward the solution of such
problems for effective and efficient operations of the company, Kaduna
Refining and Petrochemical Company (KRPC).
1.2 Statement of the Problem
The
Material Management Department (MM) of the KRPC Ltd operates in an
integrated form to make materials available in the warehouses because
the spare parts are stored.
“JUST IN CASE†for timely maintenance intervention or as the need may arise.
However,
KRPC has taken a back seat in the implementation of the provisions of
the Procurement Refining Act. Also, the statement of the general problem
is the non-adoption of the Procurement Refining Act in KRPC Ltd.
And
over the years there have been incessant cases where critical material
needed for maintenance intervention and other requests, are either
over-stocked, under-stocked or out of stock. The scenario depicts the
existence of procurement deficiencies in the area of planning,
replenishing, coding and inventory control which affects plant
sustainability in KRPC Ltd. Besides 2008 annual stock taking in KRPC
revealed the available materials to the value of N8 billion which could
be used for other purposes.
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
