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
TABLE OF CONTENT
Table of content viii
1.0 Introduction 1
1.1 Historical background of Doyin
investment limited, Ilorin 2
1.2 Statement of the problem 4
1.3 Objectives of the study 5
1.4 Significance of the study 5
1.5 Scope of the study 5
1.6 limitations of the study 6
1.7 Definition of terms 6
Literature review 7
2.0 Introduction 7
2.1 Single sourcing 8
2.2 Multiple sourcing 8
2.3 Reciprocity 9
2.4 Information on sources of supply 11
2.5 Sourcing decision 12
2.6 Sourcing as purchasing function 16
2.7 Importance of sourcing 17
3.0 Research methodology 19
3.1 Research design 19
3.2 Sources of data 19
3.3 Data collection tools 21
3.4 Research population and sample
3.5 sampling procedure employed 22
3.6 method of data analysis 22
4.0 Data presentation and analysis 23
5.1 Summary of findings 33
5.2 Conclusion 33
5.3 Recommendations 34
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
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.
1.2 STATEMENT OF THE
Investigation has revealed that many
manufacturing organizations left sourcing activities in the hand of non expert
this might be due to total ignorance of the firm.
Some organizations purchasing
officers has little or no say at all in making sourcing decision. This deprived
the organization of the benefits best buy.
Many organizations do not carry out
sourcing in the way it ought to be carried out (i.e. failure to put into
consideration all necessary factors and this in most cases lead to unproductive
1.3 OBJECTIVES OF THE STUDY
The primary aim of this research work
is to satisfy one of the requirements for award of National Diploma certificate
in purchasing and supply awarded by purchasing and supply department Institute
of finance and management studies Kwara state polytechnic Ilorin.
It is also aimed at widing the scope
of knowledge of the people on sourcing as in manufacturing organization with
the sound knowledge of sourcing the public will be able to appreciate its significance
in manufacturing firm.
1.4 SINGINFICANCE OF THE STUDY
This study is significant because it
will equip the researcher with the necessary practical skills involved in the
application of sourcing by manufacturing organizations.
This study is also significant to the
company under study in that it will enlighten the management on the impacts of
effective underlying the sourcing policy and in the attainment of the
organization’s corporate frees and objectives.
The study will be an indispensable
source of information to future researchers writing in a similar.
The study will broaden the knowledge
of the researcher in the subject matter
1.5 SCOPE OF THE STUDY
The scope of this study simply means
the area of coverage of the study this project will specifically focus on the
impacts of effective sourcing on attainment of organizational objectives. The
study will be limited in scope to Doyin investment Nigeria Limited Asa Dam Road
1.6 LIMITATIONS OF THE STUDY
Limitation of the study are three
factors that have necessited the narrowing down or the study to a specific
area. Prominent among these factors were time constraint this research could
not be conducted on a comprehensive basis because of the limited time allowed
for the writing and submission of the project.
financial constraint, this stands as a big barrier as a lot of money was
required to finance the research study.
lack of cooperation from the case study the responses of respondents (staff)
were not encouraging in terms of releasing of required information data they
declined to release some vital information based on the secrecy policy place in
1.7 DEFINITION OF TERMS
1. Sourcing simply means the
selecting, identification, selecting of suitable sources or supply as effect
sourcing decision with respect to those suitable sources and relationship both
with preferred and potential supplier.
2. Effective: This
can be defined as change produced by an action or cause. The changes that lead
to positive productivity.
This can be defined as acquisition of goods and services in exchange for money
or its equivalent.
4. Manufacturing: The process of converting raw
materials, componenets or parts into finished goods that meet a customer’s
expectation or specifications.
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