ABSTRACT
The purpose of this project work is to assess the impacts of effective sourcing on the attainment of organizational objectives with reference to Doyin investment Nigeria limited Ilorin. Sourcing is the process of searching for the right supplier’s capable of meeting the requirement of the buying company. Whether an organization succeeds or fail depends how effective and efficient suppliers are. Therefore the impacts of survey on the attainment of an Organizations corporate goals and Objective significance of the study cannot be underestimated. In order to ensure easy comprehensive of the research project, the whole project has been divided into five Chapters as follows: Chapter one consist of introduction, historical background of the case study, significance of the study, scope of the study, limitation and constraint, definition of terms. Chapter two will focus on literature review consisting of the opinions of various authors of different texts consulted. Chapter three will highlight the research methodology, research design, source of data, data collection tools, research population and sample sizes, sampling procedure employed and method of data analysis. Chapter four will be based on the data presentation and analysis. Chapter five being the last chapter and Summary of findings, Conclusion, Recommendations and References.
CHAPTER ONE
1.0 INTRODUCTION
Sourcing for supplier is of paramount
important to business organization. Therefore selection of supplier or sources
of supply should be handle with great care.
This is so because wrong choice or
bad supplier can ruin firm’s operations failure to deliver or late delivery of
materials by the suppliers can ruin firms operation. Failure may lead to
production stoppage or uneconomical urgent order both which may have negative
effects on manufacturing firms operations.
The importance of sources selecting
to business organizations has called for proper sourcing policy which will
assured material availability without materials there would be nothing to convert
to finished products at the same time it is desirable to reduce the cost of the
materials in order to optimize the use of working capital the major objective
of sourcing is to search who can best supply goods or service required
satisfactory it also stretches to cover the supplier’s
Development all attention must
focused on finding the best supplier. The best supplier is referred to as those
suppliers. Who can supply the material of the right quality and quantity at the
right price time and place?
Theses five factors must be put into
consideration, when selecting supplier coupled with assurance of continual
supply and better pre-post sales services should be the target of a good buyer.
Evaluation of supplier (to detect the
extent to which they can satisfy the five right) can be done by carrying out
plant survey (plant visit) to inspect their facilities and technical know how,
investigation into their management competence likewise their post performance
in terms delivery and quality are all important considerations to be made as to
determine whether or not to buy from local or foreign sources. Whether to use
one source or two or more sources at a time whether to develop a supplier or
engage in a reciprocal trade any decision reached must be in the overall
benefits of the company putting into consideration the benefits and the
prevailing considerations.
It must be noted that researching
into market is necessary in order to have the fall information on the material
needed. This information can be obtain from trade journals supplier catalogue,
purchasing files, supplier information file, sales personnel etc performance of
the existing supplier must be evaluated to find out whether the suppliers are
performing satisfactory or not. The supplier is performing satisfactory or not.
The supplier is on the list buy yet to be awarded contract too must be
considered and the market situation reviewed.
The unsatisfactory supplier is to be
dropped and any opportunity provided by market should be optimally used.
It must be noted that sourcing is a
major purchasing function and should be performed and carried out by competent
buyer with necessary skill in sourcing when carried out by a procurement expert
who act in accordance with purchasing code of conduct will contribute
tremendously to effective and efficient buying.
1.1 HISTORICAL BACKGROUND OF DOYIN INVESTMENT COMPANY, ILORIN.
Doyin investment industry plc was
located along Asa dam road in form capital Kwara state. It was established in
1983 and was incorporated as first indigenous company competing with western
industries in the production of detergent. It belongs to Doyin group of
companies with prince (or) Samuel Adedoyin as chairman and managing director.
Prince (Dr) Samuel Adedoyin is a
native of Agbamu in Irepodun local government Area of Kwara state.
Doyin investment industry plc started
operation 10th December 1985 it comprises of five factories which
include soap and detergent plants source plants suppurations plant and glycerin
plant. The product of Doyin group of company ltd through its subsidiaries
engages in the business of soap and water, toothpaste and medicament, paints
farming property hospitability and agro chemical in Nigeria.
It manufactures pharmaceutical soaps
detergent body creams juice and drinks the company also provides beef cubes
chicken cubes fish cubes creams detergent powder and blood tonic.
Prince (Dr) Samuel Adedoyin
industrialist 76 June 4 Born in Ilorin Kwara state he is chairman Doyin
industries limited starve Motors limited Doyin manufacturing company limited
Adedoyin established a foundation for the handicapped and the physically
challenged children at the university of form the is a merged children at the
university of Ilorin He is a member Ikoyi club Lagos.
The company has been able to achieve the following aims successful challenge and monopoly of the western company detergent production won the awarded of quality from the standard organization of Nigeria in (1988 to make herself widely known as spread nationwide provide employment opportunities for Nigerians expand and add to her product life.
IMPACTS OF EFFECTIVE SOURCING ON THE ATTAINMENT OF ORGANIZATIONAL OBJECTIVES A CASE STUDY OF DOYIN INVESTMENT NIGERIA LIMITED ILORIN
