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Assessment On The Importance Of Purchasing Procedures In An Organization
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CHAPTER ONE
1.0 INTRODUCTION
Procedures has been identified as one of the most powerful tools and a panacea to many of the worlds greatest problems. Procedures is a goal oriented and its goals determine its nature and form.
Studies have shown that one of the major problems militating against the profitability of human endeavour in general and organization in particular is lack of adequate procedures .
It is in the light of these, that this procedures work is geared towards the assessment of purchasing procedures and how it affects the profitability of an organization using Nigeria bottling compaby as a case study.
1.1 BACKGROUND OF THE STUDY
As seen from the introduction, procedures affects all spheres of man’s activities. The companies are not therefore left out, especially is regards materials sources of supply and other important and related issues about purchasing, hence, purchasing procedures .
The first world countries have embraced procedures that they have made remarkable and outstanding success and progress in the technological advancement of the world. This study seeks to encourage third world countries especially universities and polytechnics procedures institutions and the like not to overlook the importance of procedures .
Moreso, companies are advised to pay good attention to the contribution of purchasing procedures for their increased profitability. They are encouraged to know that purchasing procedures is a tool that can assist them in their daily purchasing decisions. As an aid to enhance purchasing activities, companies are against this background, expected to embraced purchasing procedures and provide the finance necessary to carry out this procedures for better performance of the purchasing functions, which in turn contributed to the overall organizational profitability.
1.2 STATEMENT OF THE PROBLEMS
The essence of purchasing procedures in any organization is to identify those salient activities as regards materials, sources of supply and other important and related issues about purchasing.
In view of this fact, it is imperative to take insight into the purchasing procedures activities of an organization, using Nigeria bottling company Aba as a case in point in the light of its procedures efforts and how the impacts has contributed to the profitability of the organization.
Closely related to this are the needs for price in the purchasing of materials for production, lack of inadequate raw materials as it affects production etc.
In undertaking this study, the procedures er intends to investigate to what extend, procedures es on price and lack of adequate raw materials have affected the profitability of Nigeria bottling company Aba.
CHAPTER ONE -- [Total Page(s) 3]
Page 1 of 3
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