This study, “ROLE OF SOURCING IN THE ACHIEVEMENT OF THE PROFIT OBJECTIVE OF ORGANIZATION (A CASE STUDY OF NIGERIA BOTTLING COMPANY PLC)” contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References. Keywords: ROLE OF SOURCING IN THE ACHIEVEMENT OF THE PROFIT OBJECTIVE OF ORGANIZATION (A CASE STUDY OF NIGERIA BOTTLING COMPANY PLC)
ABSTRACT This project work is centered on role of souring in the achievement of profit objective of organization with a case study of Nigeria bottling company plc Kaduna. It begins with the first chapter which dealt with the background of the study, given a brief introduction about the subject matter under study. Statement of problem which is the reason why the research undertook the study to identify such problems and come up with recommendation which will be beneficial to the organization and the entire society. Research question is drawn up which is in line with the objective of the research work to be opened up to get variables for questionnaires to be administered. Chapter two deals with the review of previous work carried by other authors on a similar topic. Chapter three deals with the research methodology with research design. The study have a sample size of 25 which is 12% of the population of 200 drawn from the material related unit and the sample size selected randomly and questionnaire were administered to them for their response. The findings of the study shows that profit maximization can only be achieved where organizational is able to meet their customers demand satisfactory. Thus, it was concluded that sourcing in Nigeria bottling company plc is treated with very importance. Therefore recommendation was made that give appropriate attention to sourcing activities in the organization. This will ensure that the supplier provide standard material to the organization through adequate sourcing.
CHAPTER I: Introduction
The most important thing in the hierarchy of all organizations objectives is profit maximization, and this can only be achieved where organization is able, to meet their customers demand satisfactorily as at when due and for this objective to be met there must be a right source of supply that is, if the correct source decision is made in a particular instance, then the buying company’s need would be met perfectly. In such circumstances it would received the required goods or services at all times. Sourcing thus involves much more than simply picking a supplier or contractor for each requirement in isolation. It involves continuing relationships, both with preferred sources which are actually supplying goods and services, and with potential sources which may have been passed over for the present but are still in the running. It involves decisions about how to do business on. For its proper performance sourcing requires supply market research. This is a normal part of procurement and supply work, undertaken informally by buyers when they talk to representatives, visit exhibitions read trade journals and investigate the market before placing orders. In addition, it is the primary responsibility of purchasing to find out suitable sources of supply and ensure that the right quality and quantity of material is obtained at the right prices, and also spending time and effort in investigating and evaluating prospective supplies and continuously appraising the performance of current suppliers. In such a manner that there will be regular inflow of materials supply to avoid stoppage in production and its attendant costs and for the organization to be able to maximize its customer requirement in order to achieve its profit objective.
1.2 Statement of the Problem Apparently in many organizations, it is clear to observed the effect of poor sourcing procedure in the award of contracts to the supplier who are not financially and technical capable of meeting the demand or the need of organization. This is often base on irrational decisions of many purchaser, as such the organization always suffer set backs in achieving their profit objective.
Most other problems associated with sourcing ranges from high price of materials, late deliveries, supply of substandard products, mostly traced to inappropriate sourcing decisions.
1.3 Objective of the Study The objective of this study is to assess role of sourcing in the achievement of the profit objective of organization of Nigeria bottling company Kaduna plant.
Specifically the study is set out to
Keywords: ROLE OF SOURCING IN THE ACHIEVEMENT OF THE PROFIT OBJECTIVE OF ORGANIZATION (A CASE STUDY OF NIGERIA BOTTLING COMPANY PLC)
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