AN ANALYSIS OF THE PROCUREMENT REFORMS ACT AS A TOOL FOR COST SAVINGS AND ACCOUNTABILITY IN KRPC


AN ANALYSIS OF THE PROCUREMENT REFORMS ACT AS A TOOL FOR COST SAVINGS AND ACCOUNTABILITY IN KRPC

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 64 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

1,459 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
AN ANALYSIS OF THE PROCUREMENT REFORMS ACT AS A TOOL FOR COST SAVINGS AND ACCOUNTABILITY IN KRPC

ABSTRACT

This research work has seriously analyzed procurement reforms act as tool for cost savings and accountability MKRPIC. Where the data was collected and used for the compilation of this research. An introduction was made which comprises the statement of general problem, the background of the subject matter, objectives of the study and the significance of the study. Existing literature on procurement reforms act, determination of needs, some purchasing objectives, purchasing practice and techniques, some management function were also discussed and reviewed. Random Sampling method was used as the basis of this study. A sample size of 39 out of total populations of 130 was selected. The research work shows that procurement reforms act n NNPC is always influenced or rather ineffective. The study recommends that due process should be complied with in order to enhance cost savings and accountability in NNPC. Also total commitment of the entire staff of NNPC.


 

TABLE OF CONTENTS

Title -        -        -        -        -        -        -        -        -        -        -        i

Approval   -        -        -        -        -        -        -        -        -        -        ii

Declaration        -        -        -        -        -        -        -        -        -        iii

Dedication          -        -        -        -        -        -        -        -        -        -        iv

Acknowledgment        -        -        -        -        -        -        -        -        v

Abstract    -        -        -        -        -        -        -        -        -        -        vi

Table of Contents       -        -        -        -        -        -        -        -        vii

CHAPTER ONE: INTRODUCTION

1.1    Background of the Study    -        -        -        -        -        -       

1.2    Statement of the Problem  -        -        -        -        -        -       

1.3    Objectives of the Study       -        -        -        -        -        -       

1.4    Significance of the Study    -        -        -        -        -        -       

1.5    Scope of the Study      -        -        -        -        -        -        -       

1.6    Research Questions   -        -        -        -        -        -        -       

1.7    Definition of Terms    -        -        -        -        -        -        -       

CHAPTER TWO: LITERATURE REVIEW

2.1    Procurement      -        -        -        -        -        -        -        -       

2.2    Evolution of Nigeria’s Publication Procurement Act 1  -       

2.3    Objectives of Bureau for Public Procurement       -        -       

2.4    Functions of Bureau for Public Procurement        -        -        -       

2.5    Procedures for Bureau for Public Procurement    -        -       

2.6    Benefits of Bureau for Public Procurement -        -        -       

2.7    Negotiation as a Tool for Cost Savings         -        -        -        -       

2.8    Techniques of Negotiation -        -        -        -        -        -       

2.9    Procurement Practice and Cost Savings       -        -        -       

2.10  Why is Sound Public Procurement so Important  -        -       

CHAPTER THREE: RESEARCH METHDOLOGY

3.1    Area of Study     -        -        -        -        -        -        -        -       

3.2    Research Design         -        -        -        -        -        -        -       

3.3    Population of the Study      -        -        -        -        -        -       

3.4    Sample and Sampling Procedure         -        -        -        -        -       

3.5    Instruments for Data Collection -        -        -        -        -       

3.6    Administration of the Instruments      -        -        -        -       

3.7    Techniques for Data Collection   -        -        -        -        -

CHAPTER FORU: DATA PRESENTATION AND ANALYSIS

4.1    Presentation of Results or Data Analysis    -        -        -                 

 

CHAPTER FIVE: DISCUSSIONS, CONCLUSION, SUMMARY AND RECOMMENDATIONS

5.1    Summary of Procedure      -        -        -        -        -        -       

5.2    Discussion of Findings        -        -        -        -        -        -       

5.3    Conclusion         -        -        -        -        -        -        -        -        -       

5.4    Implication of Findings       -        -        -        -        -        -       

5.5    Recommendation       -        -        -        -        -        -        -       

5.6    Suggestion for Further Studies   -        -        -        -        -       

Bibliography      -        -        -        -        -        -        -        -        -       

Appendix  -        -        -        -        -        -        -        -        -        -       


 

CHAPTER ONE

INTRODUCTION

In the past, huge sums of government money have been siphoned through the processes  of contract awards. A major thrust of this administration therefore, is the acceptance of Procurement Reforms Act as a tool for embracing transparency, competition, fairness, integrity, openness and value for money in the procurement reforms Act and seek the support of all governance for the implementation of the scheme in various ministries and government parastatals.

The researcher intends to analyze on procurement reforms Act as a tool for cost savings and accountability in Kaduna Refining Petrochemical Company (NNPC) considering the several abuses to rules and standards in the award and execution of contracts. These abuses are in the form of over-invoicing, inflation of contract costs, proliferation of white elephant projects, poor project delivery, overpayment as well as manipulations of the processes leading to the award of contracts.

The Nigerian National Petroleum Corporation is in the business of refining Crude oil into valuable petroleum and petrochemical products and manufacturing and packaging products efficiently. And the way and manner in which procurement practices are carried out is of great concern to the researcher.

The edifice is a process plant designed to run steadily with minimum operating costs so as to make profit. In order to achieve this notable objective, it is imperative that replenishment drives are made to ensure that operational spare parts are readily available in the warehouse.

Since over seventy percent (70%) of the company’s expenditure is in the area of materials procurement. It is with this realization in mind that several efforts have been made by both corporate and the subsidiaries management to control and regulate materials management activities, especially in the area of procurement of materials in order to save cost and enhance company’s operations. In this project the terms procurement and purchasing would be used interchangeably.

1.1       Background of the Study

The researcher developed interest to write on this topic because of personal interest in procurement reforms act and persona interaction with some staff who work in the procurement department under the umbrella of material management department (MMD) in Nigerian National Petroleum Corporation (NNPC).

The researcher got an insight into the procurement activities of the company the company and the problems facing them and therefore feels that it would be of great benefit to the company to conduct a detailed study into its purchasing departments with the aim of identifying the problems and after necessary suggestions toward the solution of such problems for effective and efficient operations of the company, Nigerian National Petroleum Corporation (NNPC).

1.2       Statement of the Problem

The Material Management Department (MM) of the NNPC Ltd operates in an integrated form to make materials available in the warehouses because the spare parts are stored.

“JUST IN CASE” for timely maintenance intervention or as the need may arise.

However, NNPC has taken a back seat in the implementation of the provisions of the Procurement Refining Act. Also, the statement of the general problem is the non-adoption of the Procurement Refining Act in NNPC Ltd.

And over the years there have been incessant cases where critical material needed for maintenance intervention and other requests, are either over-stocked, under-stocked or out of stock. The scenario depicts the existence of procurement deficiencies in the area of planning, replenishing, coding and inventory control which affects plant sustainability in NNPC Ltd. Besides 2008 annual stock taking in NNPC revealed the available materials to the value of N8 billion which could be used for other purposes.

1.3       Objectives of the Study

The study is geared towards achieving the following objectives:

·                    Outline the risks associated with non-implementation of the provisions of the procurement Act in NNPC Ltd.

·                    Determine the impact of the non-implementation of Procurement Reforms Act to the organization.

·                    Examine the factors responsible for the non-implementation of the Act in KRP Ltd.

·                    Suggest or proffer solutions to the problems.

 

1.4       Significance of the study

The benefits derivable under this study can be seen below:

·                    It serves as a guide for the organization in which the researcher as chosen as a case study i.e. NNPC.

·                    It is meant for students for are willing to embark on further studies in this perspective.

 

1.5       Scope of the Study

The scope of this research work shall be limited to Nigerian National Petroleum Corporation particularly the department under the umbrella of material management department.

The researcher also aimed at analyzing the procurement reform act as a tool for cost savings and accountability in NNPC.

Also, comparative notes shall be made where necessary with other department within NNPC.

1.6       Research Questions

i)            What are the risks associated with the non-implementation of Procurement Reforms Act in NNPC?

ii)          How does the non-implementation of the Procurement At affect the organization?

iii)        What are the factors responsible for the non-implementation of the Procurement Reform Act?

iv)         What are the remedies for solving these problems?

 

1.7       Definition of Terms

-      Procurement: Means purchasing and/or supplies.

-      Supplier: This is the term used to describe a seller of goods or items in a given place.

-      Inventory: This refers to the list of goods or items in a given place.

-      Quotation: Is a list showing the prices of items.

-      Purchase Order: It is an order in a printed firm to transmit the company’s requirement to supplies.

-      Negotiation: Is a term used to arrive at a final and reasonable price.

-      Specification: This is the information by the buyer to supplier indicating descriptions dimension and analysis performance of a product.

-      Public Procurement: Means the acquisition by means of goods, works or services.

-      Efficiency: Means the ability to minimize the use of resources in achieving organization’s objectives i.e. doing the right thing.

-      Effective: Means producing the result that is wanted or intended.

-      Due Process: Is a mechanism for ensuring strict compliance to rules and procedures that should guide contract award.

-      BMPIU: Budget Monitoring and Price Intelligent Unit. This is the unit tasked with implementing Nigeria’s public procurement reform programmes.


 

AN ANALYSIS OF THE PROCUREMENT REFORMS ACT AS A TOOL FOR COST SAVINGS AND ACCOUNTABILITY IN KRPC

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for an analysis of the procurement reforms act as a tool for cost savings and accountability in krpc:
Reviews: A Review on an analysis of the procurement reforms act as a tool for cost savings and accountability in krpc, analysis, procurement, reforms project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
This research work has seriously analyzed procurement reforms act as tool for cost savings and accountability MKRPIC. Where the data was collected and used for the compilation of this research. An introduction was made which comprises the statement of general problem, the background of the subject matter, objectives of the study and the significance of the study. Existing literature on procurement reforms act, determination of needs, some purchasing objectives, purchasing practice and techniques, some management function were also discussed and reviewed. Random Sampling method was used as the basis of this study. A sample size of 39 out of total populations of 130 was selected. The research work shows that procurement reforms act n NNPC is always influenced or rather ineffective. The study recommends that due process should be complied with in order to enhance cost savings and accountability in NNPC. Also total commitment of the entire staff of NNPC... purchasing and supply project topics

AN ANALYSIS OF THE PROCUREMENT REFORMS ACT AS A TOOL FOR COST SAVINGS AND ACCOUNTABILITY IN KRPC

Project Information

  • CATEGORY : PURCHASING AND SUPPLY
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 64 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?