American Journal of Marketing Research
Articles Information
American Journal of Marketing Research, Vol.5, No.1, Mar. 2019, Pub. Date: May 9, 2019
Role of Purchasing and Supply Management in Manufacturing Profitability in Nigeria
Pages: 10-18 Views: 1303 Downloads: 1210
Authors
[01] John Nkeobuna Nnah Ugoani, Department of Management Sciences, College of Management and Social Sciences, Rhema University, Aba, Nigeria.
Abstract
Purchasing and supply management function is central to obtaining the relevant materials for manufacturing at the best prices, quantity and quality. The ever increasing competition in the global market space now makes it critical for purchasing and supply management to involve robust e-procurement to enhance easy access to credible suppliers across boundaries. A major concern of most manufacturers is productivity and profitability and such goals can only be realized through provision of goods and services in the appropriate levels desired by consumers. The exploratory research design was used for the study, and it was found that purchasing and supply management leads to manufacturing profitability. On the basis of this result, it was recommended among others, that manufacturers need to work with credible suppliers to ensure the procurement of materials in the right measures to promote effective productivity and enterprise profitability.
Keywords
Question of Quantity and Quality, E-procurement, Purchasing Behavior, Inventory Management, Global Market Space
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