Effective Procurement and Profit Maximization in a Manufacturing Organization

Effective Procurement and Profit Maximization in a Manufacturing Organization

Project / Seminar Material
Reference ID: PS-4789-TM

DEDICATION

This research material titled “Effective Procurement and Profit Maximization in a Manufacturing Organization” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Purchasing and Supply (PS), Book Authors and Profound Scholars of existing or related project material on “Effective Procurement and Profit Maximization in a Manufacturing Organization” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    Effective Procurement and Profit Maximization in a Manufacturing Organization

    CHAPTER ONE

    1.1 Introduction

    Effective procurement is one of the key functions of any manufacturing organization; profit is the excess of return over expenditure in any transaction or service of transaction especially the excess of selling price of goods over their cost or the net income for a given period of time. The word profit to the aforementioned fact, is the ratio of profit for a given year to the amount of invested or to the value of sales.

    In distance profit to some business experts is the compensation accruing to entrepreneurs for the assumption of risk in business enterprise of distinguished from wages or rent? However; in making the maximization of profit a reality in any business setup, the management team must be ready to harness her strength by making used of her available resources in maximum, implies the uses of the entire latent and uncultivated avenue for possible investment to suppress the environmental threats.

    Any cost incurred by a firm may be classed into two groups. Fixed cost and variable cost. Fixed costs are incurred by the business at any level of output, including none. These may include equipment maintenance, rent, wages and general up keep. Variable cost changes with the level of output, increasing as more products are generated. Materials consumed during production often have the largest impact on this category. Fixed cost and variable cost, combined, equal total cost.

    Revenue is the total amount of money that flows in to the firm. This can be from any source, including product sales, government subsidies, venture capital and personal find.

    Profit to an economist is the differences between total revenue and total cost or symbolically it is = TR - TC where represent profit. In view of these, business man, manufacture investors, marketers and what have you must ensure the effective validation of marketing tools and techniques through planning, implementation, monitoring and control to establish an equilibrium between the company(s) available and potential resources and the desire of the consuming populace towards profit maximization actualization.

    1.2 Statement Of Research Problem

    Investigation revealed that Nigerian business organizations conceive and yield to effective procurement in varying degree. Taking a wider look at firm’s different industries in Nigeria, one can conclude that many going concerns do not reach with “Effective procurement and maximization of profit business activities, especially in the area of organizational growth and profit ability level of a firm.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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