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

1.8    HISTORICAL BACKGROUND OF THE CASE STUDY
    Doyin investment limited Ilorin, was incorporated in as the first indigenous manufacturer of soap and detergent, the company is situated along Asa-Dam road Ilorin, Kwara State of Nigeria.
Doyin Group of Company started as a small trading business, it has grown tremendously were the years consolidating its first hold in the leadership of industry, the organization has received many national and Africa accolades for the best practice and the production of consistently high value brands, over the years, the group transformed from a trading concern to a manufacturing outfit.
The company has consistently paired up with existing multinational detergent manufacturing company in healthy competition towards enhancing the growth of the Nigeria economy.  
The enhancement of Kwara State, Doyin Investment Company existence has provided employment opportunities for thousand of Nigerians such as suppliers, manufacturer, contractors, transporters, distributors etc.
In addition, necessary machineries have been put in place and negotiations have also reached in advanced stage to introduce the company’s products to countries within ECOWAS sub-regime as a way of mobilizing foreign exchange into the country.
1.9    DEFINITIONS OF TERMS
Bill of lading: A document which provides the terms of the contract between the shipper and the transporter company to more freight between started points at a specified charge.
Air way bill: Bill of lading that covers both domestic and international flights transporting goods to a specified destination. It is a non-negotiable instrument of air transport that serves as a receipt for a shipper, indicating that the carrier has accepted the listed goods.
Certificate of Origin (COO): It is a signed statement required in certain nations attesting to the origin of the export.
Consular Invoice: Document required in some countries that describes the shipment of goods and shows information such as consignee, and value of the shipment.
Cost, Insurance and Freight (CIF): Cost, insurance and freight to a named overseas post. In Cost, Insurance and Freight (CIF) the seller quotes a price for the goods shipped by ocean (including insurance), all transportation costs, and miscellaneous charges to the point of debarkation from the vessel.
Customs Invoice: Document used to clear goods through customs in the importing country by providing evidence of the value of goods.
Certificate of Inspection: A document in which certification is made as to the good condition of merchandise immediate prior to shipment.
Tariff: A duty (or tax) levied on goods transported from one customs area to another.
Carrier: This is a company offering the service of transportation of goods from one place to another.
Consignment Note: A note accompany consignment of goods indication quality, description, number of packages in the consignment.
Cost and Freight (C&F) The exporter pays the costs and freight necessary to get the goods to the named destination. The risk of loss or damage is assumed by the buyer.
Free Alongside Ship (FAS): The seller quotes a price for the goods that includes charges for delivery of the goods alongside a vessel at the port. The seller handles the cost of unloading and wharf age, loading, ocean transportation, and insurance are left to the buyer.
Free on Board (FOB): The goods are placed on board the vessel by the seller at the part of shipment specified in the sales contract, the risk of loss or damage is transferred to the buyer.
Letter of Credit: An instrument issued by a bank on behalf of an importer that guarantees an exporter payment for goods and services, provided the terms of the credit are met.