ROLE AND CONTRIBUTION OF PURCHASING AND SUPPLY MANAGEMENT OF PROFITABILITY OF AN ORGANIZATION
ABSTRACT
The role and the contribution of Purchasing and Supply Management in the profitability of an organization is an important unit in a manufacturing industry and contribute a lot to the growth and profitability of the industry. For production to be effective and continuous there should be an efficient Purchasing and Supply Management in an Organization.
CHAPTER ONE
1.0 INTRODUCTIONÂ
1.1 BACKGROUND OF STUDY
For the survival of any organization, be it public or private the difficult is the most vital factor is therefore means the coordination and maximum contribution from each basic function of the organization such as creation, finance, personnel, conversion and distribution, especially the purchasing, function towards the success of the entire organization.
However, efficient performance or the purchasing function is important to the smooth operation of organization and as a result the role of purchasing is latent and conspicuous.
It is a basic responsibility of purchasing function to obtain material of services to ensure that the flow of production is not interrupted. As has been described “purchasing is one of basic requirement for a company to cut cost and thereby increases profits. When are contemplates that for every sales there must be a buyer and that for every sales there must be a buyer and that other side of coin is buying, one in the public sector stripped. The reason for this stems sometimes aroma the wrong interpretation given to the art of purchasing plays an unquantifiable role in field of management activity and contributes highly to profitability. The words Geoff Lancasters, in the journal of 1984 edition of purchasing should acknowledge its latent role as being much broader in its traditionally recognized role of merely being reacquisition facility.
1.1 BACKGROUND OF THE STUDY
NIGERIAN BOTTLING COMPANY PLC
Nigerian bottling company Plc was originated as a soda function beverage in 1886 selling for five least. Early growth was impressive, but is was only when a strong bottling system that coca-cola because the world famous brand as it is today.
1884- a modest start for a bold idea, since the emergence of this organization, it has snifter to market and consumers different types of soda fountain beverages. The number of soda fountain beverages sent to our market by this bottling company plc, in doubt has made tremendous impact on the reduction of the micro economic variables problems in this country through generating to our economy, creation of job opportunities etc the management of Nigeria bottling company plc is a public liability company.
