NEED FOR EFFECTIVE PLANNING AND CONTROL IN PURCHASING ACTIVITIES
ABSTRACT
This is a research project on the need for effective planning and control in purchasing activities, a case study of Rokana industry company Nekede it focus on the need of planning and control in all purchasing activities both at public sector and private sector. Nonetheless that this research was conduct on Rokana industry company Nekede Owerri, it contains practical analysis that will help both the private and public sector on how to plan and control their activities.
And the reader will find the analyses very logical which will portray the state of procurements on the entire organization or company. This work is arranged in five chapter, chapter one introduction the works background, objective, scope, etc. chapter two contains the review of related literature of other authors, chapter three is the method use to gather, information for this research work, chapter four analyses and presentation the data for this project.
Finally, chapter of this work contains the summary of finding conclusion and recommendations.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The need for effective planning and control in purchasing activities in any business organization be it small or, large. In any purchasing activities effective planning and control is the fundamental and primary managerial function for any specific operation which made it essential for successful strategy.
Implementation and strategy evaluation because all other element of management depend upon good planning.
PLANNING AND CONTROL CONCEPT
The only thing certain for the future of any organization is change and planning, is the essential bride between present and there future.
Planning consist essentially of deciding in advance what you want to do and the w ay you are to do it. Planning is the application of rational with the aim of making effective and efficient to the need and goals of the organization. On the other hand, control as a management function that concerns itself with taking the necessary preventive or corrective activities to ensure that the organization effectively and efficiently as possible. The main objective of planning and control is to ensure that the operations effectively and produces and services needed by the organization to carryout this objectives are available, in the right quality, at the right time and at the right level of quality. Every organization requires planning and control but the level of control and planning very from one organization to another.
Planning and control activities the system, procedures and decisions which bring these entities together. In other words, planning and control connect up the resources of the firm that are capable of supplying goods and services with the demands place upon the firm. Normally, they do this, through a set of systems, procedures and decision methods which products managers can see in the on going running of their firms operations.
1.2 STATEMENT OF THE PROBLEM
The need for effective planning and control in purchasing activities has not been fully understood and carried out by many services oriented transport companies. It is in this study of how, Rokana industries limited in terms of effective planning and control system. Some of the problem encountered by the industries are as follows.
1. Late delivery of materials to the sub- store form the central stores. This is because the purchasing units located at different sub store were not given the authority to buy most of the spare parts needed accept minor and less costly ones.
2. Non- employment of professional in the field, the staff of the company stores has no professionals who can be highly competent. In the execution of the Job. This is due to the fact that there exist no professional who read purchasing and supply management.
3. The economic situation in the country has serious effect on the quality of planning and control in the organization.
4. Many Organization lack the knowledge of work station design and equipment selection in prosecution.
5. Most firms depot the concept of I will” when you lose attitude this result into poor project execution.