INTERNATIONAL PROCUREMENT AND COST REDUCTION IN MANUFACTURING FIRMS CASE STUDY OF MUKW ANO INDUSTRIES LIMITED

  • Type: Project
  • Department: Purchasing and Supply
  • Project ID: PAS0214
  • Access Fee: ₦5,000 ($14)
  • Pages: 54 Pages
  • Format: Microsoft Word
  • Views: 182
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

TABLE OF CONTENTS

TABLE OF CONTENTS .................................................................................................... ii

DECLARATION .... ......... .................................................................. ................................ iv

SUPERVISOR'S APPROVAL ............................ ............................................................. iv

DEDICATION ................................................................................................................... vi

ACKNOWLEDGEMENT ................................................................................................ vii

LIST OF ABBREVIATIONS .......................................................................................... viii

ABSTRACT ...................................... ................................................................................. ix

LIST OF TABLES ................................................................... ..................... ...................... X

CHAPTER ONE ............................................................................................................... 12

1.0 INTRODUCTION .................................................................................................. 12

1.1 Background of the study ......................................................................................... 12

1.2 Problem statement ................................................................................................... 13

1.3 Purpose of the study .............. .................................................................................. 14

1.4 Objectives of the study ............................................................................................ 14

1.5 Research questions .. ................................................................................................ 14

1.6 Scope ofthe study ................................................................................................... 15

1.6. 1 Geographical scope .............................................................................................. 15

1. 7 Significance of the study ......................................................................................... 15

CHAPTER TWO .............................................................................................................. 16

LITERATURE REVIEW ........................................... ................ ...................................... 16

INTRODUCTION ........................................................................................................ 16

2.1 The concept of international procurement ........... ................................................... 16

2.2 Forms of international procurement. ....................................................................... 17

2.2.1 Purchasing ............................................................ .......... ...... ................................ 17

2.2.2 Tenancy agreements ............................................................................................. 17

2.2.3 Franchising ........................................................................................................... 17

2.2.4 Hire purchase ....................................................................................................... 18

2.2.5 A lease contract. ................................................................................................... 18

2.2.6 Mortgage .............................................................................................................. 18

2.2.7 Counter trade ......................................................... .. ............................................. 18

2.3 tools used in international procurement.. ................................................................ 19

2.3. 1 Sourcing, .............................................................................................................. 19

2.3.2 Tendering .............................. ......... ..... .... ..... ............................. .. ... ...................... 19

2.3.3 Auctioning, ........................................................................................................... 19

2.3.4 Reserve auction, ................................................................................................... 20

2.3 .5 Ordering, .................................................. .............................. .......................... .... 20

2.3.6 Market place, ................................... ..................................................................... 20

2.4 Reasons for organizations engaging in international procurement. ........................ 20

2.5 Ways of reduction in business organizations .......................................................... 22

2.5.1 Suppliers relationship .............. .............................................. .... ........................... 22

2.5.2 Cost reduction and cost management .................................................................. 22

2.5.3 Target costing and value engineering . ............... ...... .......... .................................. 23

11

2.5.4 Capacity of utilization .......................................................................................... 23

2.6 relationships between international procurement and cost reduction ..................... 23

CHAPTER THREE .......................................................................................................... 25

Methodology ............................................................................. ........................................ 25

3.1 Research design ...................................................................................................... 25

3.2 Study population .......................................... ........................................... ................ 25

3.3 sampling procedure ................................................................................................. 25

3.3.1 Sampling design ................................................................................................... 25

3.3.2 A sampling size .................................................................................................... 25

3.4 source of data .......................................................................................................... 26

3.4. 1 Primary data ......................................................................................................... 26

3 .4.2 Secondary data ..................................................................................................... 26

3.5 Data collection methods .......................................................................................... 26

3.5.1 Oral interview ...................................................................................................... 26

3.5.2 Questionnaires ...................................................................................................... 26

3.6 Data processing methods ........................................................................................ 27

3.7 Data presentation ... ................................................................................................. 27

3.8 Limitations of the study .......................................................................................... 27

ABSTRACT The study covered the literature about international procurement and cost reduction n manufacturing firms, and reflected the forms used in international procurement, the tools used, why organizations engage in international procurement, how costs can be reduced and relationship between international procurement and cost reduction. International procurement refers to a commercial transaction between a buyer and a seller located in different countries, this highlights that procuring internationally is becoming more of a strategic motive that should be hired by organizations with a global view of staying in business. The study investigates forms used in international procurement and these include purchasing, tenancy agreements, hire purchase, counter trade, franchising among others. Furthermore it also investigates the tools used which also include sourcing, auctioning, ordering, market place among others. The study highlighted several factors that force organizations to engage in international procurement, these include need to acquire low priced goods, need to access worldwide technology, need to acquire high quality of goods and services and the need to enjoy better services. Furthermore the study also highlighted ways of reducing costs in organizations like supplier relationship, cost reduction, cost managements, target costing and value engineering and capacity utilization.

INTERNATIONAL PROCUREMENT AND COST REDUCTION IN MANUFACTURING FIRMS CASE STUDY OF MUKW ANO INDUSTRIES LIMITED
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Purchasing and Supply
  • Project ID: PAS0214
  • Access Fee: ₦5,000 ($14)
  • Pages: 54 Pages
  • Format: Microsoft Word
  • Views: 182
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Purchasing and Supply
    Project ID PAS0214
    Fee ₦5,000 ($14)
    No of Pages 54 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This research investigation is focused on the “impact of cost control and cost reduction in manufacturing firms” using Nigeria breweries plc as the case study. Cost control and cost reduction are techniques in management accounting which are employed in the reduction and control of total production cost in a manufacturing firm.... Continue Reading
    ABSTRACT This research investigation is focused on the “impact of cost control and cost reduction in manufacturing firms” using Nigeria breweries plc as the case study. Cost control and cost reduction are techniques in management accounting which are employed in the reduction and control of total production cost in a manufacturing firm.... Continue Reading
    ABSTRACT The study examined the effect of cost management on financial performance of manufacturing firms in Kampala from which Britannia Allied Industries Limited was used as a case study. The research also capitalized on three objectives which requires to determining the effect of material costing, labour costing and overhead costing on... Continue Reading
    TABLE OF CONTENTS DECLARATION .............................................................................................................................. i APPROVAL ................................................................................................................................... ii DEDICATION .......... Continue Reading
    INTRODUCTION The purpose of this research is modes of attempt to verify the discriminate increase in the prices of commodities produced by manufacturing organization in the part of the country which has attracted the attention of many citizens, especially those who know the implications of this continuous rise in prices on the people and on the... Continue Reading
    INTRODUCTION The purpose of this research is modes of attempt to verify the discriminate increase in the prices of commodities produced by manufacturing organization in the part of the country which has attracted the attention of many citizens, especially those who know the implications of this continuous rise in prices on the people and on the... Continue Reading
    TABLE OF CONTENTS DECLARATION APPROVAL DEDICATION ACKNOWLEDGEMENT iv TABLE OF CONTENTS LIST OF TABLES ix LIST OF FIGURES LIST OF ACRONYMS ABSTRACT CHAPTER ONE i INTRODUCTION 1 1.0 Introduction 1 1.1 Background to the study 1 1.1.1 Historical Perspective 1 1.1.2 Theoretical Perspective 3 .1.3 Conceptual Perspective 4 1.1.4 Contextual Perspective 4... Continue Reading
    TABLE OF CONTENTS Title: Page Declaration ..................................................................................... .i Approval .................................................... ..................................... ii Dedication ...................................................................................... .iii... Continue Reading
    (CASE STUDY OF BLACKWORTH CONSTRUCTION COMPANY, KWARA STATE). CHAPTER ONE INTRODUCTION 1.1.           BACKGROUND TO THE STUDY A business objective is the starting point for any business organization to thrive and it provides direction for action. It is... Continue Reading
    ABSTRACT Negotiation as a reduction technique in material procurement is to ensure that high cost incurred in material procurement is manage hence the negotiation is one of the tool in spend cost management to optimise profit in every organization. Lack of knowledge to some guide when negotiating by procurement manages lead to high cost of... Continue Reading
    Call Us
    whatsappWhatsApp Us