THE IMPACT OF PURCHASING RESEARCH ON PURCHASING FUNCTION
ABSTRACT
This work is about purchasing research “the impact of purchasing research to the purchasing function of an organization, with a particular reference to Nigeria Bottling Company Plc, the introduction part gives us what the project is all about the overview, objective of the study, significance of the study, research questions, scope of the study, limitation of study and definition of terms. Chapter two reviews the related literature how important they are in the organization. Chapter three is the methodology and chapter four shows the discussion of findings associated with the research work. Thus were made into the view of highlighting a sound basis for some possible solution. Chapter five witness the climax of the research rounded up by summarizing and concluding all the findings during the investigation and the research finalized by giving some recommendation which will help to improve the effectiveness in the Nigeria Bottling Company.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
This is a research study on the impact of purchasing research on the purchasing function. This research problem is written to analyze critically the strategies involved in the impact of purchasing research, how it will profit the organization and the basic needs to adopt the purchasing research for the profitability of an organization. Purchasing research helps to gather useful information about the product which is to be purchase and ensure the quality and quantity at the right place. It is also used to make useful suggestions and recommendation that will help in purchasing materials for the organization.
According to Uzor (2003) purchasing research is defined as the systematic collection, classification and analysis of data as the basis for better purchasing decision. It is therefore a formalized means of obtaining information to be used in making decision. Comprises the essential activities associated with the acquisition of the material, service and equipment used in the operation of an organization.
Research affects everything in human activities the companies are not left our, in materials sources of supply to be precise and other vital and related issues on purchasing hence purchasing research. It has been noticed that the first world countries that have adopted research have made unusual and exceptionally and progress in the technological advancement of the world. This study advice the third world countries and especially universities and polytechnics, research institutions not to overlook the importance of research.
Companies are also advised to pay attention to the contribution of purchasing research for their enhanced profitability. They should also know that purchasing research is a tool that can help them in making their daily decisions. Due to the fact that purchasing research helps to increase purchasing activities, companies against this background, are expected to accept purchasing research and provide the fund required to carryout this research for the best performance of the purchasing function which contributed to the organizational overall profitability.