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. 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. 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 To identify the sourcing policy employed by the organization in the procurement of materials need. To identify criteria for source selection. To identify the criteria used by the organization in rating their suppliers To identify the type of buyer and suppliers relationship.
Table Of Contents
Thesis Abstract
Sourcing is a critical aspect of organizational operations, especially in the quest for profit maximization. The ability to meet customer demands satisfactorily and timely is essential for achieving this objective. Effective sourcing involves more than just selecting suppliers for individual requirements; it entails building and maintaining relationships with both existing and potential sources. This process requires ongoing market research to inform procurement decisions. Purchasing professionals must identify suitable sources, ensure quality and quantity requirements are met at competitive prices, and continually evaluate supplier performance to ensure a seamless flow of materials. However, many organizations face challenges due to poor sourcing practices, such as awarding contracts to suppliers who are not financially or technically capable of meeting their needs. This often results from irrational decision-making by purchasers, leading to setbacks in profit objectives. Problems associated with inadequate sourcing include high material costs, delayed deliveries, and substandard products, all stemming from inappropriate supplier selection. This study aims to assess the role of sourcing in achieving profit objectives at the Nigeria Bottling Company Kaduna Plant. Specifically, the research seeks to identify the organization's sourcing policies, criteria for source selection, methods for rating suppliers, and the nature of buyer-supplier relationships. By examining these factors, the study aims to provide insights into how effective sourcing practices can contribute to organizational success.Thesis Overview
Title – – – – – – – – – – – Approval – – – – – – – – – – Declaration- – – – – – – – – – Acknowledgement – – – – – – – – – Abstract – – – – – – – – – – CHAPTER ONE: Introduction 1.1 Background of the Study – – – – – – – 1.2 Statement of the Problems – – – – – – 1.3 Objectives of the Study – – – – – – – 1.4 Significance of the Study – – – – – – 1.5 Scope of the Study – – – – – – – – 1.6 Research Questions – – – – – – – 1.7 Definition of Terms – – – – – – – CHAPTER TWO: Literature Review 2.1 Specification and Standardization – – – – – 2.2 Objectives of Specification and Standardization – – – 2.3 Approaches to developing a Balanced Specification – – 2.4 Inspection – – – – – – – – – 2.5 Types of Inspections – – – – – – – 2.6 Defect Preventive Approach – – – – – – 2.7 Effects of Materials Inspection on the Quality of Products –
CHAPTER THREE: Research Methodology 3.1 Area of the Study – – – – – – – – 3.2 Research Design – – – – – – – – 3.3 Population of the Study – – – – – – – 3.4 Sample and Sampling Procedure – – – – – 3.5 Instrument for Data Collection – – – – – – 3.6 Administration of the Instrument – – – – – 3.7 Techniques for Analyzing Data – – – – – – CHAPTER FOUR: Data Presentation and Analysis 4.1 Presentation of Results – – – – – – – CHAPTER FIVE: Summary, Discussions, Conclusion and Recommendations 5.1 Summary of Procedures – – – – – – – 5.2 Discussion of Findings – – – – – – – 5.3 Implications of Findings – – – – – – – 5.4 Conclusions – – – – – – – – – 5.5 Recommendations – – – – – – – – 5.6 Suggestions for Further Study – – – – – – Bibliography – – – – – – – – Appendix – – – – – – – – –
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