Translate this page

the roles and importance of purchasing as a business activity in ...

THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION



This research project material is available: THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION



Download Complete Research Project Material on THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION



Project Category:
Type: Project Topics | Project Topics and Materials | List of Project Topics | Research Project Materials | Journals | Thesis | Articles | Online Project Materials | Business Plan | Final year project topic| Format: Ms Word| Attribute: Documentation Only| Pages: 67 Pages| Chapters: Complete Research work from Chapter 1 to 5; All chapters | Price: ₦ 5,000.00



Call or whatsapp: +2347063298784 or email: allprojectmaterials.com

Download Post (MsWord)


Download Post (PDF)


Download complete Chapters



THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION



CHAPTER ONE
1.0     INTRODUCTION
          Successful business management rely mostly on well co-ordinated function of activities, these include finance, personnel, production, marketing and purchasing.
          All of these functions form this activities that makes up a business organisation, however if one these functions is weak, it will definitely affect the overall efficiency of the other functions. Purchasing which is one of the   business activities is as old as the birth of business enterprise itself and it is considered to be the basic function of activity in an organisation.
          Purchasing is the attempt by business organizations to acquire goods or services or materials needed in order to accomplish the goals of the enterprise. This can be viewed from two perspective namely as a function and as a system.
          Purchasing as a function is that aspect of business enterprise which ensures the uninterrupted flow of needed materials into the organisation having in mind profitability and economy, while purchasing as a system involves the acquisition of materials, equipment goods and services which are essential for the operations of a business organisation.
          Unfortunately, since top management historically had focus on Marketing, Finance, Research and Development and Production, purchasing which is a basic function was not given much recognition, it was seen as a minor function and this led to the recruitment of clerks who were not skilled in the profession as purchasing officers. These created a lot of quality problems to the firms and led to the closure of some, but the Second World War, industrial revolution and the emergence of competition created a problem of scarce resources, then there was the need for tactical purchasing, this was when management started given more recognition to purchasing.
          Purchasing simply mean procurement and this include some processes which are sourcing, preparation of purchase order, expediting, receiving and inspection of order, invoice audit and invoice settlement, all of those will depend on the purchase requisition sent by the needing department to the purchasing department.
          The purchasing department is the heaviest spender of the organisation resources and contributes directly to the profit of the organisation through purchase discount and  efficient buying.
          The purchasing department is charged with the purchasing functions and any purchase made by this department is known as organizational purchasing.
1.1     DEFINITION OF KEY TERMS
-        PURCHASE REQUISITION: This is a precise document generated by an internal organization to notify the purchasing department of items needed or the items it need to order.
-        PURCHASE ORDER: This is a commercial document issued by a buyer (i.e Purchasing department) to a seller (i.e Supplier) indicating types, quantities and agreed prices for products or services the seller will provide to the buyer.
-        SOURCING: This refers to a number of procurement practice aimed at finding, evaluating and engaging suppliers of goods and services.
-        EXPEDITING: This is a concept in purchasing for securing the quality and timely delivery of goods and services ordered for.
-        PURCHASE DISCOUNT: This is an offer from the supplier to the purchaser to reduce the selling price if the payment is made within a certain period of time.
-        PROCUREMENT: This concept purchasing mean to obtain or take possession of materials needed for smooth operation.
1.2     STATEMENT OF RESEARCH PROBLEMS
          Every organization has the challenge of wanting to meet up with consumers expectation by making the product available at the right time and in the right quality while trying to meet up with consumers demand. Some of the areas in which problem have been sought include.
i.        How the purchasing department makes contribution to the profit goal of the organization.
ii.       How the purchasing department acquires input do they make use of the normal purchasing process or there is a standard set by the organization.
iii.      Keeping a perfect working relationship with the other departments and the suppliers.
iv.      Is the purchasing department playing any role in quality control?

Citation - Reference

All Project Materials Inc. (2020). THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION . Available at: https://researchcub.info/department/paper-6337.html. [Accessed: ].

THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION


Delivery Assurance: This Project material is delivered within 15-30 Minutes. Click below to download complete material.


Download Complete Project Material

Call: +2347063298784

Hire a Writer

Department

Search Word Tags:


A Review on the roles and importance of purchasing as a business activity in an organisation , purchasing, this, business, research journals and thesis, researchcub.info, purchasing and supply project topics.
Successful business management rely mostly on well co-ordinated function of activities, these include finance, personnel, production, marketing and purchasing. All of these functions form this activities that makes up a business organisation, however if one these functions is weak, it will definitely affect the overall efficiency of the other functions. Purchasing which is one of the business activities is as old as the birth of business enterprise itself and it is considered to be the basic function of activity in an organisation. Purchasing is the attempt by business organizations to acquire goods or services or materials needed in order to accomplish the goals of the enterprise. This can be viewed from two perspective namely as a function and as a system. Purchasing as a function is that aspect of business enterprise which ensures the uninterrupted flow of needed materials into the organisation having in mind profitability and economy, while purchasing as a system involves the acquisition of materials, equipment goods and services which are essential for the operations of a business organisation... Click here for more

THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION - Research Journals and Thesis - Researchcub.info

Excellent and Professional research project topics, ideas and materials Website - researchcub.info

Undergraduate Project Topics, economics project topics, marketing project topics, business administration project topics, engineering project topics, computer science project topics, banking & finance project topics, education project topics, law project topics, sciences project topics, public administration project topics, political science project topics, mathematics project topics, medical science project topics, mass communication project topics, research projects, geology project topics, marketing project topics, agriculture project topics, Browse Thousands of Final Year Project Topics, hire a writer, Research Works and Materials, Project topics and materials in Nigeria, Undergraduate Project Topics, Research Works and Materials, research topics, research project materials, complete project materials, computer science project material, free project topics, complete projects, accounting topics, small business topics, entrepreneurship topics, project materials, Nigerian undergraduate projects, business administration projects, computer science topics and projects, MBA Nigerian project topics, human resources, small businesses, entrepreneurship projects, economics projects, impacts projects, effect projects, university projects, polytechnic projects, investigate projects, political science projects, mass communication projects, project topics, human resource projects, education projects, French topics, project analysis, French projects, project tips, project abstract, project proposals, project bibliography, project reference, project seminar, forex, TSA, treasury single account, currency, naira, devaluation, undergraduate projects, final project research, marketing project topics, statistics project topics, mathematics project topics, statistics, mathematics, research projects, project thesis, labour force theses, NCE, OND, HND, BTECH, BSC, MBA, MSC, English projects, linguistic project topics, Free Project topics and materials in Nigeria, research topics, reseach project materials, computer science project material, free, complete, accounting topics, small business topics, materials, nigeria projects, business administration projects, computer science topics and projects, MBA nigeria project topics, human resources, small business, entrepreneurship projects, economics projects, impact projects, effects projects, training, budgets, ghana, university, polytechnic, browse Free project materials and topics in Nigeria, accounting and finance project materials, business administration project materials and topics, human resources, entrepreneurship, computer science and engineering project materials and topics, Accounting project topics, Accounting project topics and materials, Agricultural Economics Project Topics and Materials, Agricultural Science Projects topics and materials, All Project topics and materials, Architecture Project topics and materials, Aviation project topics and materials, Banking & Finance Projects topics and materials, Biology project and materials, Building project topics and materials, Business Administration & Management Projects topics and materials, Chemical Engineering Project Topics and materials, Civil Engineering Projects topics and materials, Communication & mass communication art project topics and materials, Computer Engineering Project Topics and materials, Computer Science Projects topics and materials, Criminology project topics and materials, Economics Research Projects topics and materials, Education Project Topics and Materials, Electrical Engineering Projects and materials, English Education & English Language Project topics and materials, Food Science project topics and materials, Geology Project Topics and materials, Guidance Counseling Project Topics and materials, History project topics and materials, Home Economics Project Topics and Materials, Human Resource Projects topics and Materials, Industrial Chemistry Projects topics and materials, Insurance Projects topics and materials, Law project topics and materials, Library and information science project topics and materials, Marine and Transport management project topics and materials, Marketing Projects topics and materials, Mathematics project topics and materials, Medical Sciences Project Topics and materials, Microbiology project topics and materials, Nursing and Midwifery project topics, Nursing and Midwifery project topics and materials, Optometry or nursing project topics and materials, Petroleum Engineering project topics and materials, Pharmacy project topics and materials, Philosophy project topics and materials, Photography project topics and materials, Physical and Health Education project topics and materials, Physiology project topics and materials, Political science project topics and materials, Project topics and materials, Psychology project topics and materials, Random project, Religious and Cultural Studies Project Topics and Materials, Sociology and Anthropology Project topics and materials, Sociology Project Topics and materials, Tourism project topics and materials, Vocational education project topics and materials THE ROLES AND IMPORTANCE OF PURCHASING AS A BUSINESS ACTIVITY IN AN ORGANISATION -purchasing- this- business- Research Journals and Thesis | Researchcub.info