NEED FOR PURCHASING RESEARCH IN A MANUFACTURING COMPANY

1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY 
Purchasing is an important aspect of business management and any organization. It must not be neglected or ignored. Any management that neglected it is likely to face some critical problems. One of the problems it may face is that of cost that will generally reduce its corporate profit.
Therefore, purchasing research in a manufacturing firm like Rokana industries is one which requires proper research and alternation so as to prevent the management of Rokana industries form making wrong purchasing decisions which can in one way or the other reduce their market share.
Purchasing has long consider as one of the basic function common to all organization. Long before the large organization appeared with its foundationally specialized department’s people bought and sold. Purchasing or organization purchasing can therefore be defined as that function responsible for obtain by purpose lease or legal means equipments, materials, supplies and services required by an organization or undertaking for use in production.
This work is expected to help the management of Rokana, industries to understand and appreciate “ purchasing” department on order to develop a set of statement that provide practical and useful targets for decision making purpose. This helps in improving the company’s mission, growth, strategy and portfolio plan that helps in long, middle and short term plan as a means enhancing or solving purchasing challenges.