-
Need For Effective Vendor Selection & Rating In An Organization
CHAPTER ONE -- [Total Page(s) 4]
Page 3 of 4
-
-
-
1.5 SIGNIFICANCE OF THE STUDY
This study will be relevance to all organization viz:
Manufacturing industries because proper selection, reliability, competitive price, long-term stability.
Selection
and rating of supplier will enable organization to maximize profit,
since a huge sum of money is being invested in materials procurement,
strict adherence to the process of selection and rating of suppliers by
the firm.
Some of the managers were reluctant to give out information
fear of the information being traced back to them and consequent loss
of their job from the company.
This study is therefore important in the following ways:
(i) It will review the different strategies of vendor selection and rating.
(ii) It will help manufacturing industries to select the right supplier and accurately evaluate their performance.
(iii)
It will search as source of information/materials to other researcher’s
who may carryout research on the topic or similar topic.
(iv) Finally, the work also help to increase the researcher’s knowledge on vendor selection and rating.
1.6 SCOPE OF THE STUDY
the
geographical are study is Lagos. Lagos his undisputed number of
suppliers through which these products get to the buyers and finally the
end users. It has the highest concentration on purchasing activities in
Nigeria.
The study is limited to Nestle Foods Nigeria Plc a major
food processing company in the country. The level of participating
worker in this study is of managerial level senior managers and some
selected segment purchasing and supply staff.
1.7 LIMITATIONS OF THE STUDY
Time
and money are the great constraint of this study. Consequent to the
limitation of time and funds, the information for this study was
obtained mostly from Lagos. But for time and money a more comprehensive
and in-depth study covering the whole country would have been embarked
upon. Also, because of time constraint and the tradition of many
Nigerians organization to regard certain information as confidential,
this study relied mainly on published documents.
Some of the managers
were reluctant to give out information for fear of the information
being traced back to them and consequent loss of their job from the
company.
CHAPTER ONE -- [Total Page(s) 4]
Page 3 of 4
-
-
ABSRACT - [ Total Page(s): 1 ]This study is a survey on the need for effective of vendor selection and
rating of some Nigeria companies, a case study of Nestle Food Nigeria
Plc.The study is aimed at identifying, assessing and analyzing the
various available methods of selecting suppliers in purchasing
department, for the best of store keeping and material handling.The study also includes the examination of roles of sales strategies and improvement on the prospect.Primary
data was collected by the means of questionn ... Continue reading---
