USE OF NON PROFESSIONAL BUYERS IN THE PROCUREMENT OF GOODS AND SERVICE PROBLEMS AND SOLUTIONS
ABSTRACT
Over the years, the student/ research has been reading about the “hi-jacking” of purchasing profession by non-professional executive. Also the delegation of the purchasing function to the background of a mere clerical function, despite the fact that this function/profession is in charge of spending up to 65% of an organization’s fund. The researcher had also during her one year industrial attachment witnessed that way purchasing function were mishandled by non-professionals who claimed to know the job (purchasing). The student has equally encountered some questions which say that if a illiterate woman in the village can buy her want successfully in the market, why studying purchasing and supply?
However, all this combined to motivate the researcher to compact a research on this topic “The use of non-professional buyer in the procurement of goods and service – problems and solution. This work will cover all aspect of purchasing as it affects this establishment PZ Plc, with particular reference to the organization in general. It will also help to make some suggestion toward the solutions to the problems. However, the research work will be treated in five chapters. Chapter one will discuss the introduction of the subject matter, the statement of problem, purpose for the research, the research will go further to explain the scope at which the work will go. The literature review in chapter two will look into this past work of other authors and related areas of the topic.
Chapter three will treat methods and procedures used in collecting information on topic while chapter four would discuss on the presentation and analysis. Finally, chapter five will give the summary, conclusion and the recommendation of the research based on the outcome of this research work.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY
Any organization whether private or public needs efficient management for its survival and success. Therefore efficient management is quite necessary more especially as technology is changing, change in taste and population, inflation abound. All these factors are increasing geometrically as against scarce resources.
For efficient management requires the co-ordination of all the functional units of any organization towards the realization of its goals, hence purchasing and supply is inclusive.
However, for you to have an efficient management, purchasing is on its part achieved when the buyer purchases the required quality and quantity of raw materials, supplies parts tooling, equipment, etc, at the right time, from the right source, to the right place and at the right price. This can be achieved when the right person who must have past through some steps in obtaining the required profession. This qualification can be either HND, NIPSM, CIPSM, etc.
BRIEFlagbTORY OF PETERSON ZOCHONIS INDUSTRY PLC
Peterson Zochonis Industry Plc (PZ) is a manufacturing company with three (3) factories in Nigeria one is located at Umunyasi Aba North in Abia state, while the other two are both in Lagos state at Illupeju and Ikorodu respectively.
Two friends namely Peter a British man and Zochonis a Greek man established this company in 1884 it was incorporated in Nigeria on the 4th day of December 1948 under the name P.B. Wicholls and company Ltd. Its name was changed to Alagbon industries limited in 1953 and associated industry limited in 1960.
The company later became a public company in 1972 and was granted a listing of the Nigerian stock exchange. The name was changed to Peterson Zochonis Industry Limited on 24th day of November 1976 and in compliance with the companies and allied members act of 1960. It adopted its present name as Peterson Zoochonis industry plc. On 22 November 1990, on 25th day of June 2001, Peterson Zochonis industry plc Groove properties Ekopak Nigerian plc was emerged.
The principal activities of the group are to manufacture and sale off a wide range of consumer products and home appliances which leading brand names through out the country in cosmetics refrigeration, detergent, soap, freezers, air conditioner, plastic container and component.
The company is made up of five (5) departments, namely administrative department quality control department, produce from department, which constitutes production processing unit, engineering service factor electrical unit and engineering finishing unit.
PZ has grown both financially and in staff strengthen it has assets over ten billion (10 billion) as its running capital. This company creates employment opportunities to Nigerians.
