-
Appraisal Of The Problems And Prospects Of Purchasing In Small Scale Business In Nigeria
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
-
1.3 HISTORICAL BACKGROUND OF AQUA RAPHA INVESTMENT LTD.
The Aqua Rapha (God’s Healing Water) was established on 15 December 2004, by it’s sole owner Rev. Father Ejike Mbaka.
His
ability to generate money out of little or nothing and his interest in
business as whole made him engage in small business partnership dealing
on the distribution of household goods.
The owner made the
feasibility study. The report is not too far from what became the
reality. The feasibility study was good, only that there were few under
and over estimations due to the on-going inflationary trend in the
country and reforms in the economic system of the country (NAFDAC).
The
factory is located at 9th mile opposite. Ama Brewearer Plc in Enugu
State. The factory is located in this area because f it’s proximity to
the source of the raw materials for the productions. The major raw
materials used in the production of sachet/packaged water are sourced
locally. The manufacturer employs the services of different
professionals in manufacturing of the packaged water.
These
professionals from different field/department work together to ensure
the success of desired quantities that will ensure the company’s
targets, objectives and goals. The purchasing department plays their
roles by getting all the necessary requirements for the production. The
factory men will organize the raw materials and use it in production of
complete products. After production, they will communicate stores and
stores will pack those products and communicate purchasing for sales
there by realizing funds what the finance department will keep for the
enhancement of the company.
The programme could have taken of long
before now, but the company has a serious financial constraint. The
availability and cheapness of the major raw materials also effected the
choice of products.
Aqua Rapha Investment Company produces packaged
water. Its product capacity is at minimum of Eight hundred and fifty
(850) bags that contains (20) sachets, per day. Given an effective
annual working period of 240 days the output is modestly placed at 203,
760 (Two hundred and three thousand, seven hundred and sixty) bags per
year.
The management of Aqua Rapha Investment Company focus
attention on the human side of the enterprises. In other words the
behavioural aspect of management is primus. The proprietor of Aqua Rapha
Investment Company believes that by rewarding workers adequately they
tend to work harder and put in their best to achieve the organization
set goals.
1.4 OBJECTIVE OF THE STUDY
The objectives of this study are:
1)
To identify and examine the problems militating against the effective
operations of small-scale industries via-the case of company in areas of
finance, marketing, technical etc.
2) To identify the prospects available to the case company.
3) And to suggest ways or solutions of solving these identified problems.
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
