SIGNIFICANCE OF MATERIAL SOURCING IN ENSURING ORGANIZATIONAL SURVIVAL. (A CASE STUDY OF DOYIN INVESTMENT NIG LIMITED ILORIN)

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1.1 INTRODUCTION

One of the major problems facing manufacturing organizations in Nigeria is how to get raw materials for production.

It is on record that many manufacturing organizations have decided to reduce their production or close down as a  result of inadequate supply or total lack of raw materials, these have affected employees in these organizations. The economic downturn which had led to the introduction of the structural adjustment program necessitated the introduction of such raw materials research and development council (RMRDC) which was established in the year 1981 with the primary mandate to promote the development and utilization of Nigeria's industrial raw materials and to provide industrial support based investment in all the states of the federation. The effort of the council has significantly widened in respect of the raw materials base for the manufacturing and service rendering organization.

It is then the responsibility of the purchasing manager to ensure that the materials are purchased and delivered to the organization at the right time in order to carry out this function effectively, there is a need for suitable market research to find a source or source from where the material can be obtained through the sourcing technique.


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APA

Consults, E. (2022). SIGNIFICANCE OF MATERIAL SOURCING IN ENSURING ORGANIZATIONAL SURVIVAL. (A CASE STUDY OF DOYIN INVESTMENT NIG LIMITED ILORIN). Afribary. Retrieved from https://afribary.com/works/significance-of-material-sourcing-in-ensuring-organizational-survival-a-case-study-of-doyin-investment-nig-limited-ilorin

MLA 8th

Consults, Education "SIGNIFICANCE OF MATERIAL SOURCING IN ENSURING ORGANIZATIONAL SURVIVAL. (A CASE STUDY OF DOYIN INVESTMENT NIG LIMITED ILORIN)" Afribary. Afribary, 16 Aug. 2022, https://afribary.com/works/significance-of-material-sourcing-in-ensuring-organizational-survival-a-case-study-of-doyin-investment-nig-limited-ilorin. Accessed 02 Oct. 2022.

MLA7

Consults, Education . "SIGNIFICANCE OF MATERIAL SOURCING IN ENSURING ORGANIZATIONAL SURVIVAL. (A CASE STUDY OF DOYIN INVESTMENT NIG LIMITED ILORIN)". Afribary, Afribary, 16 Aug. 2022. Web. 02 Oct. 2022. < https://afribary.com/works/significance-of-material-sourcing-in-ensuring-organizational-survival-a-case-study-of-doyin-investment-nig-limited-ilorin >.

Chicago

Consults, Education . "SIGNIFICANCE OF MATERIAL SOURCING IN ENSURING ORGANIZATIONAL SURVIVAL. (A CASE STUDY OF DOYIN INVESTMENT NIG LIMITED ILORIN)" Afribary (2022). Accessed October 02, 2022. https://afribary.com/works/significance-of-material-sourcing-in-ensuring-organizational-survival-a-case-study-of-doyin-investment-nig-limited-ilorin