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The Impact Of Material Management On Purchasing
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1.3 Significance of the Study
Is a paramount important for
researcher on the significance of the study and dope this extended essay
will be of great important to store managers in an organization.
Which
will be given in this study will go a long way to assisting the
organization to improve their operation effective application of
capital, human and material resources in the store department are no
longer on option but a necessary pre-requisite survival and realization.
i) And also serve as pre-requisite for the award of National Diploma (ND) in Business Studies.
ii)
To serve as reference for the store personnel, lecturers and students
of various institutions for more information about material management.
Solution
in the industry to take necessary corrective and realistic measure of
materials. It will show the impact of in and organization efficiency and
performance.
1.4 Scope of the Essay
The scope of essay will be centered on the material management on purchasing.
As
a result of idea on material management, which cover a wide area, the
project term intend to look into affair of the organization on material
management and resource utilization from the past fourteen years 1992 to
2004. This research is restricted to specific area of materials
management including invoice, Local Purchasing Order (L.P.O) purchase
requisition note Bin Card, job order and form M.
This study cover the
area, such as impact of materials, material handling etc which is the
responsibility of management for the compute flow of materials to the
satisfaction of users department in an organization.
1.5 Definition of Terms
Materials:
In an industry it mean everything which is supplied to the production
lines and so includes raw materials, components, sub assemblies, liquids
powerest.
Organization: Is the grouping of related activities
together and assigning those various activities or duties to various
employees while at the same time giving them authority to perform those
task.
Raw Materials: These combines all form of material that has to be converted into an end product.
Purchasing:
Is the activity directed to securing by legal means, the materials
suppliers, services and equipments required in the operation of an
enterprise.
Quality: Is the totality of failures and characteristics
of a product and services that bears on us ability to satisfy a given
need.
Quantity: Refers to the value or amount of commodity required
for a particular purpose or that can be economically purchased at a
particular time.
Management: The word ‘management’ can be defined as
control of human activities directed toward specific standard, which can
be realized through the availability of resources such as men, machine,
material and land.
Materials Management: Is the activities are
frequently hand led by the local or officer level and involve regular
communication with the suppliers concerning requirement such as order
quantities and delivering data.
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