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International Procurement And Its Justification
[A CASE STUDY OF GLOBA SOAP AND DETERGENT, ILORIN]
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SCOURING POWDER PLANT
This is 1.0 ton per plant within the detergent plant, it was commissioned in 1989 and produces Hiclearn scouring powder (600gm). Ninety nine percent of the raw material used to produced scouring powder are obtained from Kwara State.
SALES AND MARKETING
The company’s range of product has confirmed to enjoy good patronage from Nigerians due to the consistently high quality, it is on record that global soap and detergent industries is the first company to have received the NIS certification mark for quality within its first 3 years of operation. The company’s products which have NIS certification mark for quality are flash blue detergent, super deal blue detergent, wash rite blue, detergent and vogue toilet soap.
As a way of researching the nooks and crannies of the country the company has 22 sales deports located all over the federation viz Aba, Abeokuta, Benin, Enugn, Gombe, Ibadan, liorin, llupeju Lagos, Marinland, Jimeta, Jos, Kaduna, Kano, Maiduguri, Gusau, Katsina, Ondo, Onitsha, Sokoto, Uyo, Minna and Ado Ekiti. In addition, their product have been introduced to countries within the ECOWAS sub-region as a way of earning foreign exchange for the country. This is achieved through direct consumer contract opening of depots and encouraging distributors.
1.6 DEFINITION OF TERMS
C.I.F: This simply means Cost Insurance Freight which indicate that the seller is responsible for the goods until they get to the port of destination and the selling price includes ocean freight and insurance up to that point.
Duty: Payment made to the government either for import or export.
C and F: Cost and Freight This is similar to C.I.F except that buyer has to pay for insurance charges.
Bill of Lading: This is a document similar to delivery note used in shipping. The sender retains one copy is held by the master of ship and note also for consignee.
Port of Entry: This is importer! buyer country part i.e through which consignment will entre its country of destination.
E.T.D Estimated Time of Department: This is a note send to the importer stating the time the vessel leaves the port of exporter.
E.T.A Estimated time of Arrival: It is a note send to the importer given him the time consignment will arrive at his country port.
CRF Clean Report of Finding: Pre-shipment inspection of goods to be shipped to Nigeria must be ensured that they are of correct quality and that only normal contract material importer are shipped.
Carrier: This is a company offering the service of transporting good from one area to another.
F.O.B Free on Board: This is a contract in which good are delivery t the ship (no board).
Consignment Note: A note accompanying consignment of goods indicating quantity, description, number of package in the consignment.
Consignee: The person or company to whom goods are addressed or sent.
Commercial Invoice: The invoice is often employed as basis for custom clearance at the port importation.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe research work is basically concerned with the international procurement and its justification. The research work covers the purchasing activities of Global Soap and Detergent Industry limited Ilorin. International buying is the procurement activities which involved source and obtaining needs or requirement from a foreign country for use in another country. International trade is particularly important to consumer in all nations. Nations trade in what they produce most efficiently in ... Continue reading---
