THE IMPACT OF EFFECTIVE PLANNING AND CONTROL ON THE PURCHASING ACTIVITIES OF A MANUFACTURING COMPANY (CABUARY LTD AS A CASE STUDY)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
A company will have stated objectives, but the individual manager must interpret what company officials actually say and do. For example: chief executive financial officers (CFOs), backed by the law of the land, will usually stress their responsibility to the stockholders. But the company’s objectives are usually composites of many decisions, resulting in various cross-functional compromises. So in actual practice the CFO’s goal is to balance the objectives of a fair return on investment to stockholders, stable and satisfying employment for employees, satisfaction of customers and the community, and so forth.
In setting procurement’s functional objectives, the Purchasing Manager must be aware of the CFO’s (and accordingly, the company’s) objectives, and ensure consistency in constructing the specific objectives for the purchasing department. With increased focus on meeting customer needs more effectively, many enterprises have begun to evaluate the results of the entire supply chain in satisfying these needs. This has given rise to the concept of competition between supply chains rather than merely between companies. Consequently, the importance of supplier contributions to enterprise results has further increased expectations of the supply management organization.
The evolution of purchase planning system from a clerical task to a strategic value chain makes it a means of creating competitive advantages for organizations. Generally, this development happens slowly with no previous design and plan in organizations. Therefore, to mitigate risks of this change and to increase its effectiveness, this development process should be carefully structured and planned. In this paper, in order to achieve a purchase planning system transformation model, purchasing development models are used as a basic framework. By benefiting of organizational change concepts and theories, the reference model has been designed as a tool to assess the current purchase planning system development situation and the potential strategic growth path. Finally, relationships between purchasing content change elements development have been identified as a departure point to develop the purchasing transformation strategy. In the empirical research path, this exploratory research has an inductive approach and the strategy by which the research is conducted is grounded theory. Case studies are the chief tools for data collection and analysis.
Related Project Materials
AN ASSESSMENT OF COLIFORMS IN THE AMERICAN UNIVERITY OF NIGERIA WATER DISTRIBUTION SYSTEM
INTRODUCTION
Generally, water has numerous purposes: drinking; bathing; washing clothes and dishes; cooking; flushing to...
EFFECT OF LEADERSHIP STYLE ON WORKERS PERFORMANCE IN AN ORGANIZATION
Abstract
Leadership style plays an important role in the motivation of workers performance. The style of leading adopte...
AN APPRAISAL OF ADMINISTRATION OF ESTATE OF DECEASED MILITARY PERSONNEL UNDER THE NIGERIAN MILITARY LAW
ABSTACT
The Armed Forces Act (Cap A20) Laws of the federation of Nigeria 2004 is presently the Military Law regulating the Nigerian Armed...
UTILIZATION OF ANTENATAL AND MATERNITY SERVICES BY MOTHERS SEEKING CHILD WELFARE SERVICES IN NIGERIA
ABSTRACT
This study aims to analyze the determinants of utilization o...
STRATEGIES FOR IMPROVING COMPUTER STUDIES IN SECONDARY SCHOOLS IN OSHIMILI AND ANIOCHA LOCAL GOVERNMENT AREA OF DELTA STATE
ABSTRACT
The major purpose of this study was to determine the strategies for improving computer studies...
NUTRITIONAL DISORDER IN CHILDREN ESSAY
NUTRITIONAL DISORDER
Nutritional disorder is a pathological state due to a relative or absolute deficiency or excess of...
PERFORMANCE ASSESSMENT AND INVESTMENT DECISIONS IN NIGERIA COMMERCIAL BANK: A CASE STUDY OF FIRST BANK
STATEMENT OF THE PROBLEM
Many empirical studies have investigated the existence of a relationship betwe...
YOUTH PARTICIPATION IN SOCIAL MEDIA FRAUD; PROBLEM, EFFECT AND SOLUTION
Abstract
This research work was conceived to find out the pattern of social media fraud in tertiary institutions in Zari...
PROFESSIONAL ETHICS IN SECRETARIAL PRACTICE AND THE LEVEL OF JOB PERFORMANCE OF SECRETARIES
ABSTRACT
This research project was carried out using The Polytechnic Ibadan, Adeseun Ogundoyin Campus,...
EFFECTS OF CHILD ABUSE ON THE ACADEMIC ACHIEVEMENTS OF STUDENTS OF SELECTED SECONDARY SCHOOLS
Background of the Study
The joy of giving birth to children and helping them flourish to the point where they may reali...
