CONTRIBUTION OF PURCHASING TO THE ORGANIZATIONAL AIM OF A SMALL SCALE BUSINESS (A CASE STUDY OF CHRISTIAN PROVISION STORE)
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Table Of Content
Dedication
Acknowledgement
Abstract
Table of content
List of tables
CHAPTER ONE
1.0 Introduction
11 Background of the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Research question
1.5 Significance of the study
1.6 Scope of the study
1.7 Limitation of the study
1.8 Definition of terms
CHAPTER TWO
2.0 Literature review
2.1 Introduction
2.2 Meaning of small scale business
2.3 Objective of small scale business
2.4 What is purchasing
2.5 The objectives of purchasing
2.6 Functions of purchasing in a organization
2.7 Contribution of purchasing in an organizational objectives
2.8 Purchasing contribution to business performance of a (small scale business)
CHAPTER THREE
3.0 Research design and methodology
3.1 Introduction
3.2 Research design
3.3 Sources/ methods of data collection
3.4 Population and sample size
3.5 Sample technique
3.6 Validity and reliability of measuring instrument
3.7 Method of data analysis
CHAPTER FOUR
4.0 Presentation and analysis of data
4.1 Introduction
4.2 Presentation of data
4.3 Analysis of data
4.4 Interpretation of result
CHPATER FIVE
5.0 Summary, conclusion and recommendations
5.1 Introduction
5.2 Summary of findings
5.3 Conclusion
5.4 Recommendation
References
Appendix
Chapter One
The small scale business of (Mr Christian provision stored) is located at Okigwe Road Owerri in Imo state.
The small scale business was established on March 18th 2009 by Mr Christian Ibekwe .A.
At present, the business has about (3) three employees.
(1) Sales lady
(2) Cashier
(3) An apprentis (boy)
This business performs some function which include
(1) Supplying to the final consumers
(2) Employment to people
According to (Mr Christian Ibekwe .A.) he further confirmed that these business of his has helped him in so many ways.
He started with the sum of N5,000 as capital but now he can boast of N500,000 (five hundred thousand naira) at present. He further advised the unemployed youths that is better to start as an entrepreneur than stay ideal “ An ideal man is the devil’s workshop”
Every organization be it private or public is established to meet some needs, while some are established for economic purpose, others for political or social needs.
Small scale business in no doubt is an important aspect of entrepreneurship.
It is to note that entrepreneurship in Nigeria is not a new course because it has gained ground over the years.
Small scale business are being credited with being responsible for the majority of innovations s much that small scale business has been called the innovations
“ ENGINE OF THE ECONOMY”
Small scale business varies, it varies in terms of time from one place to the other. However no matter the kind of definitions given for small scale business the criterias are usually:-
(1) Size of the employees
(2) Sales of capital invested
(3) Size of paid employees
(4) Combination of any of the above
(5) Any business that employees 50 below is regarded as a small- scale business.
Krectner (1995:62) Defines small scale business as a independently business owned and managed profit seeking enterprise with fewer than 100 employees.
Effective small scale business as earlier mentioned is necessary for the organizational goals.
Not all business is a success, many things has contributed to the failure wind- up and folding up of many small scales business like:-
(1) Lack of managerial experience
(2) Wrong business decisions
(3) Poor management
(4) Adverse government fiscal and monetary policies
(5) Lack of knowledge and experience in children line of business
(6) Financial problem
(7) Fraudulent activities
(8) Poor business location
(9) Competitions
(10) Swift towards modern technology
All these are problems that can make a business fail. If there is no improvement I anyway the business will definently collapse.
1.3 OBJECTIVE OF THE STUDY
It should be realized that sine small scale business is important to both purchasing and supply and entrepreneurship management, purchasing department should be economical in it’s performance and it’s primary aim is to improve profit.
The objectives of the study should be summarize as follows:-
(1) To highlight the contribution of purchasing towards the objectives of a small scale business
(2) To indicate the relevance of purchasing in small scale business
(3) To examine infrastructure needs for effective small scale business.
1.4 RESEARCH QUESTIONS
(1) How does purchasing contribute of the organizational objective of small scale business
(2) What are the basic things needed for the establishment of a small scale business
(3) Does inefficient supply function affects the performance profitability of a small scale business?
1.5 SIGNIFICANCE OF THE STUDY
This project is of great importance to me in the sense that I have acquire so much knowledge based on the subject matter and also for he benefit of others that might find this project relevant for their research or for orientation purpose.
It is also for the benefit of managers, bankers, e.t.c for the execution of their job/ obligations. It will be useful to government and organization policy marketer’s as this will be the basis of formulating sound and operating decisions.
1.6 SCOPE OF THE STUDY
The span of this research cut across the roles of small scale business and also the contribution of purchasing to organization which small scale business in included.
The contribution of small scale business to the economy has helped a lot like employment has helped somany youths to have something doing, and that is a big one to the nation.
1.7 LIMITATIONS OF THE STUDY
In view of the nature of the topic under the study, could not cover much area as necessary, besides these were other factors that also incapacitated the researcher. They include:-
(1) TIME CONSTRAINT
The research could not easily reach the necessary organizations for references and inquiring as most of time were being dedicated to academic work loads.
(2) FINANCIAL CONSTRAINTS
Due to lack of insufficient availability of money, the sources of information including the internet café was inaccessible
(3) Lack of related information from journals
(4) Unwillingness and poor responses from the staff of the sample forms.
1.8 DEFINTIONS OF TERMS
Small scale business according to Leslie. E. Palich (2008) defines small scale business as a business that is privately owned and operated with a small number of employees and relatively low volume of sales.
INDUSTRIALIZATIONS: The establishment of small and medium scale business in any nation will facilitate the growth and development of that country, it is believe that this type of business is the engine room for development.
MOBILIZATION: The small business are suitable for mobilization/ mobilizing savings for productive purpose which may not be readily available.
ADAPTABILITY: The small business can easily adapt to their business environment because of their unique nature.
Chapter Five
The presentation and analysis of data in chapter four (4) has reveled so many things pertaining to the operations of small scale business in Owerri Imo state.
In summary, the study of has reveled that small scale business industries do contribute immensely to the economy in terms of providing employment opportunities and provision of goods and services.
They also include some problems hampering their operations mostly of skilled workers. Lack of managerial knowledge hampers the effectiveness of business operations. This problem could be solved through basic managerial knowledge.
5.1 CONCLUSION
Based on the findings, the researcher conclude that the problem of small scale firms centers is poor managerial skills applied to their business and utilizations of managerial knowledge in making decisions.
However, all hop is not lost, since the situation can be brought under control if the government educational institutional and operators can be positively to their investigations and recommendations. They should avert themselves of the services provided by the various consulting houses.
5.2 RECOMMENDATIONS
The researcher having concluded the study and found out that small scale operators have managerial problems make the following recommendations
(1) That the government should provide guidelines to the present industrialist and the intending ones to ensure effective operations of their business.
In this regard government should see to the direct establishment of small scale business.
(2) Educational institutions should raise with the concede of the professional purchasing organizational bodies in Imo state to work modalities which must include the course content for the establishment of distance learning institutions for the proprietors so that they can have the opportunity to acquire basic managerial skills which will aid effective and efficient decision making
(3) The researcher do hop that if these recommendations are implemented the problems as reflected in this study would be solved permanently and the country as a whole will benefit from it.
