0704-883-0675     |      dataprojectng@gmail.com

ASSESSMENT ON THE IMPORTANCE OF PURCHASING PROCEDURES IN AN ORGANIZATION

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Mean and Standard Deviation
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

ABSTRACT

The study aimed at assessing the importance of purchasing procedures in an organization using Nigeria bottling company Aba as case study. Five significant research objectives were formulated to guild the study. The study adopted the survey research design. In determining the population of the study, the researcher selected to the entire staff of the organization. The convenient sampling method was adopted in determining the sample size. Hence, the researcher conveniently selected 70 staffs as sample size. A total of 70 questionnaires were administered to the respondents, while only 50 were validated. Data gather were analyzed using simple percentages and mean scores, while the hypotheses were tested using Chi-square statistical tool, SPSS v23. The result of the findings shows that purchasing procedures has contributed to be company’s overall profitability, and the impact purchasing procedures have been playing in the industries include; positioning the company better to meet customers' needs and aspirations,  improves or protects cash flow,  lowers cost of acquisition, and reduces risk and ensure the security of suppliers. Based on the findings, it was recommended that the purchasing department adopts the use of quantitative statistical analysis method, also the management should give more focus to the authenticity and accuracy of purchasing procedures since it is a strategic procurement tool that helps to improve profitability.





Related Project Materials

A Study on the Impact of Governance Structures on the Financial Stability of Indigenous Nigerian Airlines: A Case of Air Peace in Abuja

Background of the Study

The aviation industry in Nigeria is characterized by significant challenges, including high oper...

Read more
Investigation into the Security of IoT Devices in University Campuses: A Case Study of Modibbo Adama University, Yola (Yola North LGA, Adamawa State)

Background of the Study
The integration of Internet of Things (IoT) devices into university campuses has seen rapid growth,...

Read more
The Effectiveness of Social Media Advertising in Promoting Gender Equality Campaigns in Lere LGA, Kaduna State

Background of the Study
Social media has become an integral tool in modern advertising, providing an efficient platform for...

Read more
RELATIONSHIP BETWEEN FAKE DRUGS AND PEOPLE’S PERCEPTION OF HEALTHCARE DELIVERY SYSTEM IN ONITSHA URBAN

ABSTRACT

This study was conducted to assess the relationship between fake drug (FD) use and people’s attitude towa...

Read more
IMPROVING ORGANIZATION EFFICIENCY THROUGH CONFLICT RESOLUTION AND MANAGEMENT CASE STUDY

ABSTRACT

          We have been studying a critical issue...

Read more
The Effect of Currency Devaluation on Local Trade in Sabon Birni Local Government Area, Sokoto State

Background of the Study

Currency devaluation refers to a reduction in the value of a country's curr...

Read more
THE ROLE OF INDUSTRY ADVISORY BOARDS IN VOCATIONAL CURRICULUM DEVELOPMENT

ABSTRACT: This study explores the role of industry advisory boards in the development of vocational curricula, emphasizing their impact on ali...

Read more
The Impact of Exchange Rate Volatility on Raw Material Costs: A Case Study of Nigerian Breweries

Background of the Study

Exchange rate volatility refers to the fluctuations in the value of a country's currency relative to others,...

Read more
An assessment of geopolitical barriers to rural electrification in Asa Local Government Area, Kwara State

Background of the Study
Rural electrification is a critical component of economic development, as it fosters productivity, improves living s...

Read more
WEB DRIVEN INFORMATION SYSTEM OF NIGERIAN MUSEUMS

    1. BACKGROUND OF THE STUDY

 

Digital museums a...

Read more
Share this page with your friends




whatsapp