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Purchasing Role In The Achievement Of An Organizational Objective
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1.5 RESEARCH QUESTIONS
1. Does purchasing has any role to play in the organization?
2. Is purchasing contribution to the profit of the organization?
3. Is purchasing recognized in this organization?
4. Is the purchasing manager solely responsible for buying materials and other items for your organization?
5.
Is the purchasing manager professional qualified in such areas the
purchasing or is he/she just qualified through job experience?
1.6 SIGNIFICANCE OF THE STUDY
This study intends to be beneficial to there main categories of people that is the organization, the student, and researcher.
To
the organization: The findings of this study will acquaint. It and
shall also discover through this study a competent and handle the task
of buying or purchasing in the most economic manner hereby increasing
the achievement and growth of the organization and reducing waste.
To
student. The findings of this study will enable the student to
appreciate the course the more, it will also make them to be more
economical, whenever they are to purchase materials, they must purchase
materials high quality, but at a lowest cost.
To the research: The
findings of the study will help the researcher the more, the advantages,
achievement of purchasing supply to an organization. To know or to
identity problems areas in purchasing role function and develop
strategies to solve them. The data gotten can be sued for reference
purposes.
1.7 LIMITATION OF THE STUDY
¬The researcher in the
course of carrying out has research work has contended some factors that
limited in one way or the other against the zeal and they include.
1. Finance
The
researcher being a full time student at the time of making this
research found if difficult to make ends meets with little savings he
made while working.
2. Time
The researcher, being a student and
has a lot of academic work to pursue, and some other things, has time
constraint, instead of examining all the variables in purchasing in most
of the notable industries. Limits his study to only Nigeria Bottling
Company Plc.
3. Non-Response
Most people interviewed were
ignorant of what is called research so they failed to give elaborate
information about their organization despite the fact that the
researcher fold them that all information given would be confidential.
Again, I found it difficult to find goods books relating to purchasing
in the federal Polytechnic Library, so I had to run round to many places
for data collection of his undertaking.
1.8 DEFINITION OF TERMS
Logistics
Management: Encompasses all material flows from the flow of purchased
materials into facility through the manufacturing process and out to the
customer.
Hastening Stock Level: it is the amount of stock expressed
in units of issue at which it is esmented that hastening action in
necessary to request suppliers to make early delivery.
Maximum Stock
Level: This is defined as the amount of stock expressed in units of
issue above which the stock should not allow to rise.
Minimum Stock Level: This is defined as the lowest level expressed in quantity below which stock not full.
Right Quantity: This is defined as the value or amount of materials that can most economically purchased at a particular time
Ethics: It is referred to as a set of principles or values (what is right and wrong).
Quality: It is referred to fitness merit and excellence.
Purchasing: Is a managerial process that goes far beyond simply buying materials.
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ABSRACT - [ Total Page(s): 1 ]Purchasing being a department that is responsible for procurement of all materials need in the organization and also making sure that all the materials procured are delivered on time to user departments in order to avoid stoppage of production.In this research work, the contribution and roles of purchasing in the achievement of an organization are highlighted. Purchasing functions are not only to identify the organization needs, source for suppliers, select suppliers, place order, relieve goods, ... Continue reading---
