CONTRIBUTION OF PURCHASING TOWARDS THE PROFITABILITY OF AN ORGANIZATION
ABSTRACT
Purchasing is a process involving the provision of raw materials, tools and equipment of the right quality in the right quantity, at the right time, at the right price and from the right place (source).
The contributions of purchasing towards the profitability of an organization is to maintain a continuous supply of material to support the company’s operation, and to provide raw material in an organization as in star paper mill limited, Aba, Abia State. (as a case study)
This study is aimed at investigating the contributions of purchasing towards the profitability of am organization. the chapter one deals with the introduction, background of the study etc, which shows what the topic is all about. The chapter two deals with the functions while chapter three discuss on the findings, research design and methodology of the optic. Chapter four deals with the summary, conclusion and recommendation with the questionnaire of the findings.
CHAPTER ONE
1.1 INTRODUCTION
In recent time, emphasis are laid on the balance sheet report, without cognizance of other factors that made up the inflow and out put of the resources that sustain the body mechanisms of a given firm.
With the recent emphasis on cost control in the face of the rising cost of input resources and subsequent spill over the high cost of out put, it is very essential to discuss the contribution of purchasing towards the profitability of an organization.
After the Civil War, they attendant boom introduction resulting from the growth of private sector enterprise from Europe and America, and they began to a waken other management inputs for eventual profit. The reasons is based on the sophisticated resources put in by these multi-nationals in to the mechanisms of our business management. Therefore purchasing is referred to as that department which is concerned with the process of defining the organization needs, selecting suppliers agreeing to terms placing orders and receiving good and service and function which is oriented to providing complete supply function to users with the organization for onward production.
