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

CHPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1    SUMMARY OF FINDINGS
    From the research findings international purchasing is an activities which involves sourcing and obtaining needs or requirement from foreign country for use in another country. Among the reasons for purchasing from abroad includes lower cost, favourable exchange rates, consistent quality, faster delivery and availability on domestic market have been identified. In regards to barriers, the research recognized risk of non delivery, supplier’s non-performance, currency fluctuations, credit risks and legal difficulties has been the main constraints perceived by companies when sourcing from foreign countries. Further, the strategic options in international purchasing we discussed. The research presented three types of decisions considered critical to sourcing, namely; type of products supplied, supplier based structure and buyer-supplier relationships.
    Regarding the supplier base size, two types of strategies we identified, namely single and sourcing, buyer-supplier relationships were further discussed, a classification based on the degree of integration between the parties involved.

5.2    CONCLUSION
    In conclusion this research work shows the main reasons why countries engage in international buying.
(1)    It enables the nations of world enjoy product which they cannot produce within their own boarders.
(2)    It enables countries to take advantages of lower production in other countries, in other to obtain goods more cheaply.
(3)    It provides countries greater variety of commodity and gives a wider services for which resources are available locally.
    Finally with more goods and services to enjoy the standard buying of each country is raised.
5.3    RECOMMENDATIONS
    Based on the research, the following are recommended for various management in the Doyin investment Ilorin.
i.    Document should be designed, prepared, reviewed and distributed with care. They should comply with the relevant parts of product specification files, manufacturing and marketing authorization dossiers, as appropriate. The reproduction of working document from master document should not allow any errors to be introduced throughout the production process.
ii.    Document containing instruction should be approved, signed and dated by appropriate and authorized persons. Document should have un ambiguous content and uniquely identifiable. The effective data should be defined.
iii.    Specific requirement apply to batch documentation which must be kept for one year after expiry of the batch to which its relates or at leas five years after certification of the batch by the qualified person.
iv.    Documents within the quality management system should be regularly reviewed and kept up to date.
v.    Records should be made or completed at the time each action is taken and in such a way that all significant activities concerning the manufacture of products are traceable.