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The Impact Of Sourcing As A Supply Chain Function On The Profitability Of A Company
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Infact, purchasing was
formally regarded purely as function, where the purchasing department
acts on behalf of all department in its organization which requires an
item to be purchased, and also hand all contracts and orders between its
organization and the supplier.
But now, purchasing is seen
as a major impact on profitability. Expediting action in finding better
or cheaper new sources of purchasing and quality responsible for the
entire ranges of materials and commodities required by the company for
efficient maintenance of adequate stock levels at the central store.
From the above introduction, it is clearly shown that it is impossible
for any organization to achieve its full goals objectives without a
successful sourcing and procurement activities. Therefore, the success
of business enterprises greatly depend on sourcing and procurement of
raw materials for the organization’s objectives.
1.1 OBJECTIVE OF THE STUDY
The main objective of this studies is to examine the impact of
sourcing, as a supply chain function on the profitability of a company
and its importance in the manufacturing industries in Nigeria and to
identify problems and difficulties in sourcing and procurement of these
materials with a view to finding possible solutions to the problem.
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ABSRACT - [ Total Page(s): 1 ]A visit to most production company as shows that sourcing now have a great impact on the profitability of a company. Such as lowering cost structures, maintaining the product quality of a company, ability to meet customer requirements, and lot of other benefits.This study attempts to evaluate the impact of sourcing in the profitability of company using ZARTECH LIMITED as a case study. It seeks to examine the responses of the procurement department on how suppliers are selected during the process ... Continue reading---
