-
Role Of Purchasing In The Achievement Of Organizational Objective
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
-
-
1.5 SIGNIFICANCE OF THE STUDY
The
function performed by the purchasing department is concerned with the
process of defining the organizations needs selecting goods and
services. It is by its nature of a function oriented to providing a
complete supply function service for users within the organization.
In
most manufacturing organizations producing consumer goods, purchasing
is of primary importance and must be considered as one of the major
functions along side marketing, production and accounting.
However,
the importance of purchasing and its activity may not be the same for
all organizations. In manufacturing organization where materials and
services accounts fro about 85 percent of it’s total input, there is no
doubt that purchasing will become a very important function since it is
known that if percent savings in purchasing can contribute the same
amount as a mark up of 20 percent on sales.
1.6 SCOPE OF THE STUDY
The project focuses particularly on the relevance of purchasing function as it relates to the modotels Nigeria Ltd Owerri.
More
of the information needed for the study were received form
questionnaire and interview administration to various department in the
organization especially the bursary division where the purchasing unit
is placed in other to ascertain the relevance of purchasing function in
the organization.
1.7 LIMITATION OF THE STUDY
A number of limitation are encountered in the process of writing this project.
Time
constraint : At first when I was about to start the project, I felt
that all was going to be easy, but later discovered that the time I had
was not enough because I had to combine writing the project with the
normal day lectures.
1.8 DEFINITION OF TERM
Constraint a thing
that limit or restricts something is also freedom to do something
bursary an amount of money that is given to somebody so that they can
study usually at a college
Fluctuate- to charge frequently is size
amount quality etc prior- a person who is in charge of a group of mouse
dynamic the way people behave and react to each other in a particular
situation.
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
-
ABSRACT - [ Total Page(s): 1 ]This topic role of purchasing in the achievement of an organizational objective has been chose in order to bring and focuse the explicit importance of purchasing in any business environment organization it.Chapter one embrace the introduction background of the study objective of the study scope the study significance of the study limitations. Chapter two deals with literature review role of purchasing on an organization objective of purchasing and importance of purchasing in an organization Chap ... Continue reading---
