SOURCING DECISION AND ITS EFFECT ON MATERIAL AVAILABILITY

Code: D79AB310DA0521  Price: 4,000   61 Pages     Chapter 1-5    6383 Views

SOURCING DECISION AND ITS EFFECT ON MATERIAL AVAILABILITY

Background of the Study

Supplier selection is a procurement planning activity which allows managers to search for and find credible sources of supply that can ensure the availability of materials, equipments, fools, components, protects, consumables, and services at the right price, quantity, at the right tine and place.

 In order to ensure contritely of supply purchasing officers must spend tine and effort in investigating and evaluating prospective sources or suppliers and continuously appraising the performance of current suppliers in order to aund the problem of overstocking, under stocking, or complete non availability of material in the organization.

In order to ensure accuracy in supply, uninterrupted flow of materials in and out of the organization, purchasing manager have to decide the kind of product or service that best fit needs, decide whether to but what they require or of produce (make or buy decision) whether to buy locally, nationally, or internationally, whether to use singly or multiple source of supply, whether to enter into partnership or reciprocity agreement, whether to engage in negotiation or bidding whether to buy from distributors or directly from the manufacturers. All these issues attract diligent and efficient decision that will aid the organization to attain its full potential.

Statement of the Problem

Sourcing decision is very important because it properly conducted can move the organization to a greater height. Right sources of supply in most cases ensure steady availability of the right quality and quantity of materials in the organization. However, it the right source of supply is not contracted due to corruption personal interest or negligence, it may result in delay in supply of materials. This delay may result in pnice buying which may likely lead to purchase of low quality materials or making such purchases at an exorbitant price. This delay might also result to absohilte stock out of materials in the organization. Thus could result to break down of production activities in the organization other problems such as production of poor quality output, idle time labourers and machines, fall in sales turnover, diminished profit and name it. Will be experience in the organization for the organization to be able to address these problems, they have to decide the criteria for supplier selection, and the sourcing policy I decision to employ that will ensure steady availability of materials in the organization, that can improve their chances in the soft drink industry or probably make them leaders.

SOURCING DECISION AND ITS EFFECT ON MATERIAL AVAILABILITY


Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.

Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.

Material Information
  • ₦4,000.00 1 Price:
  • 61 2 No. of Pages:
  • 5 3 No. of Chapters:
  • No 4 Has Implementation:
FOR ENQUIRIES WE ARE AVAILABLE 24/7

Contact us on

DEPARTMENT
LAW