IMPACT OF MATERIAL SOURCING IN ENHANCING THE ORGANIZATIONAL PROFITABILITY
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- NGN 3000
ABSTRACT
Organizations have unique materials which is peculiar to their operations. In manufacturing sector, it is a very sensitive task that requires practical steps under some approved and effective conditions. This is because to a very great extent materials sourcing have a direct relationship with the profit of an organization. This study was therefore undertaken to examine the impact of material sourcing in enhancing the organizational profitability, its importance, how effective and efficient it is to the overall achievement of the organizational goal and objectives. The specific objectives were to determine the most effective sourcing policies adopted by Nigeria Breweries; to determine the criteria for selecting supplier in Nigeria Breweries. The study adopted the survey research design. A population of 100 staff was estimated and the research used a sample size of 20 from the population of which describes the characteristics of the population. The findings showed that the company is making high profit for the use of locally sourcing material. This shows that the organization is satisfied with the contribution of locally sourcing to its growth by making available at the right time and right quality, raw materials availability is the basis for a sustained industries growth in any nation. It was also ascertained that the company maintain a very cordial relationship with their suppliers through payment of invoice bills and provision for their incentives which lead to better understanding through personnel observations and from interviews conducted. The study recommends that for industrial sector to develop and perform better, this study proposes a “Home Grow Industrial Policy” where ISI and EPI are jointly pursued and industrial inputs domestically sourced.
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