THE IMPORTANCE OF EFFICIENT PURCHASING IN A MANUFACTURING ORGANIZATION
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- 1-5 Chapters
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- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out to examine the importance of efficient purchasing in a manufacturing organization using Coca Cola, Port Harcourt, Rivers State. Specifically, the study examined the caliber of staff employ for the performance of purchasing function. The study also, ascertain the extend the purchasing important have been adopted. More so, the study find out purchasing contribution of profitability and efficient running of the organization. Furthermore, the study stress the importance of purchasing in a manufacturing organization. Lastly, the study find out the relationship between the purchasing and other department. The study employed the survey descriptive research design. A total of 77 responses were validated from the survey. From the responses obtained and analyzed, the findings revealed that the role of the purchasing agents enhances the organizational needs for selecting suppliers, agreeing terms placing orders and also receiving service. Also, the role of purchasing regarding to negotiation of the right price for the goods influences the productivity of the organization. Furthermore, the function of purchasing involve ensuring that goods arrived at the right time and place. Lastly, effective purchasing power is necessary for the purchase of raw materials used in the manufacturing industries. The study hereby recommend that the purchasing department should have its own budget. Also the purchasing officer /executive should be involved in budgetary preparation and control especially as it concerns the purchasing department. The study also recommend that the organization should engage its employees (purchasing)training and development schemers. This is necessary because it is dynamic function and therefore those that perform the purchasing activities should work in accordance with the trends.
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