The Significance Of International Purchasing On The Organization Productivity
[A CASE STUDY OF DOYIN INVESTMENT COMPANY]

1.4    SIGNIFICANCE OF THE STUDY
    The outcome of this study will provide on adequate understanding on the application of international purchasing in an organization which includes;
1.    Reducing Costs
    Many business today final importing products, parts of the products and resources more affordable than purchasing them locally.
    There are numerous cases when entrepreneurs final products of good quality which are inexpensive even when the overall import expenses are included. So instead of investing in modern expensive machinery, entrepreneurs choose to import goods and reduce their costs. In most cases, they end up ordering large quantities in order to get a better price and minimize the cost.
2.    Becoming a Leader in the Industry
    One of the key importances of international purchasing products is the opportunity to become a market leader in the industry of interest. Since manufacturing new and improved products is a never-ending process, many business worldwide use the chance to purchase new and unique products before their competitors do. Being the first to purchase a fresh product can easily lead to becoming a leader in a certain industry.
3.    Providing High Quality Products
    A lot of successful entrepreneurs travel abroad, visit factories and other highly professional suppliers in order to find high quality products and purchase them into their own country.
    Moreover, manufacturers may provide informative courses and training as well as introduce standards and practices to ensure the company abroad is well prepared to sell their products.
4.    Introducing New Products to the Market
    If a product produced in China seems attractive/useful to organizations in Nigeria, they can purchase it and intro    duce it to their potentials consumers, thanks to the internet expansion, organizations can conduct purchase research prior to purchasing a certain product. This will help them determine if there is an actual need on the organization for such an international product, so they can develop an effective purchasing strategy in advance.
1.5    SCOPE OF THE STUDY/ LIMITATION OF THE STUDY
Scope
    This study focuses on the significance of international purchasing on the organization productivity, the research was limited to the study of particular company known as Doyin Investment Company, Ilorin, it examines the operation of international purchasing activities in the industry.
Limitation    
1.    The attitudes of the respondents towards the researcher. Some of the respondents who were given the questionnaire to complete did not give their full cooperation, some were reluctant to collect the questionnaire while some gave false information.
2.    Financial constraint, the researcher was faced with problem of limited finance to carry out detailed study on the subject matter.
3.    Time constraint, the time allowed for the research study did not permit an indepth study into the research topic.
4.    Lack of access to standard purchasing library to get adequate information to carry out the research.