Supply chain management and the performance of manufacturing firm - case study of selected manufacturing firms in Ilorin, Kwara state Department:Purchasing and Supply By: Eniolamoses Project ID: 8789 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThe dynamic increments in organizational activities call for the needs to control investment in inventory, through which procurement functions or strategies is required to be considered as the best way to achieve cost efficiency. However, the research conducted on developments of the‘discipline’ towards capital optimization has led to a series of debates within an organization. The research work, therefore, was carried out to determine the impacts of procurement management’s practice tools for capital optimization in an organization (SELECTED MANUFACTURING FIRMS). It objectives are identify, and evaluate the impacts of procurement management’s practice tools for Capital Optimization in an organization to examine the contribution of material specification and organizational performance and understand the extents to which sourcing can improve organizational efficiency, the method that researcher used are questionnaire, observation and survey in collecting data from respondents and out of total population of 165 questionnaire administered 117 were returned. Correlation and Coefficient were used to test the hypothesis in order to measure variables. The research findings show that there is a positive relationship between sourcing and organizational performance. The research recommends that management should create an effective communication network with suppliers to guarantee a steady flow of materials. Additionally, management should prioritize cost improvement centers through the procurement functions. In view of this research work, as contributes immensely in the area of provision or continuous availability of material at a minimum cost in SELECTED MANUFACTURING FIRMS...Preview Download Preview +Other Purchasing and Supply project topics and materials you might be interested in»The impact of material management on organization productivity»The role of physical distribution function in a manufacturing company (A case study of 7up bottling company Aba) »The impact of new product development on performance of commercial banks in Nigeria (a case study of three banks in Owerri) »Stock control: a tool for the attainment of organizational objectives in a manufacturing company (a case study of PZ industry Aba, Abia state) »The need for effective stock control in an organization (a case study of Jacobs wine limited, Mgbidi)»The impact of manpower training and development on purchasing personnel in the manufacturing industry (a case study of PZ Cussons plc)»The need for efficient supply management in the public sector (a case study of ministry of finance Imo state)»The impact of the application of health and safety regulations in stores (a case study of consolidated brewery, Awo-Ommama) »The need for training and development of suppliers personnel in the public sector (a case study of ministry of agriculture and natural resources) »Impact of store functions on achieving organizational objectives»Effective purchasing planning as a cost reduction tool in the manufacturing industry»Impact of stock taking as a control measure in a manufacturing company»The role and contribution of purchasing and supply in the profitability of an organization - a case study of Nigerian Bottling Company Plc, Owerri»The roles of effective distribution channels on customers satisfaction»The impact of effective and efficient stock control in a manufacturing organization