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impact of ethical values of purchasing managers on the performance of manufacturing establishments in Nigeria

INTRODUCTION 1.1 Background of the study

Purchasing and supply management as a profession has more recent origin than most of the profession in management such as Marketing, Accounting, Finance, Banking etc.  During the earlier part of 20th Century, many manufacturing firms faced the problems of how to get their needed raw materials due to the depression that followed the world wars. Ability to get the needed raw materials effectively determined to a large extent success of the organizations affected. Purchasing management therefore owes its origin and official recognition as managerial function to this period.

Purchasing management is far and more beyond buying materials from the market for the organization by the purchasing manager. Purchasing, according to Barley (2006) is the process by which organizations define the needs for goods and services, identify and compare the supplies and suppliers available to them, negotiate with sources of supply or in some other way arrive at agreed terms of trading, make contracts and place orders and finally receive, accept and pay for the goods and services supplied.

The functions of purchasing cannot be overemphasized in any organizational operation. The function is likely to be placed high in the organizational structures. Infact, the functions of purchasing basically rest on all the shoulders of the purchasing managers. A purchasing manager also known as a purchasing director or supply manager is the head of team responsible for the company use. He seeks the best available quality for the lower price. The purchasing managers evaluate suppliers, negotiate contracts and review product quality. Also, they have vital duties to play on the performance of manufacturing firms like purchasing of raw or minimally processed materials, studying the market to identify the price trends and future availability of materials and goods, locating vendors, negotiating prices, preparing requisitions and purchase order; and maintaining purchase records as well as managing other professional in the chain and procurement area of the business. Apart from performing strategic roles in the manufacturing firms, purchasing managers must be honest, trustworthy, accountable, loyal and just to all and have faith in the profession.

Furthermore, when a purchasing manager purchases raw materials for the firm, he must account for high proportion of the firm’s expenditure. When the prices are always fluctuating widely, he must account for numerous diverse items constantly needed. When the quality of the materials or services depreciates, it affects the cost of manufacturing productivity and finally, the production must render the efficient services. Thus, the organization of purchasing becomes particularly very important and demand close attention. Therefore, the purchasing manager should be a professional who has managerial and financial skills and capability as well as competence to execute the process with maximum efficiency and economy.

1.2     Statement of the Problem

It has been observed that dishonest, untrustworthy, unaccountable and disloyal purchasing managers would make manufacturing firms to experience poor supplies, low turnover, low-profit and loss of customers. These issues arise from the fact that these set of managers usually divert their firms account to their private use without minding the consequences of such practice on the well being of those firms. This has caused some manufacturing companies not to remain in business for a longer period of time.

These issues raised the concern of the researcher in examining the impact of ethical values of purchasing managers on the performance of manufacturing establishments in Nigeria.

1.3     Objectives of the Study

The general objective of the study was to examine the impact of ethical values of purchasing managers on the performance of manufacturing establishment in Nigeria.

The specific objectives were:

  1. To examine the effects of honesty on the performance of manufacturing establishments in Nigeria.
  2. To examine the effects of trustworthy on the performance of manufacturing establishments in Nigeria.
  3. To examine the effects of accountability on the performance of manufacturing establishments in Nigeria.
  4. To examine the effects of loyalty on the performance of manufacturing establishments in Nigeria.

1.4     Research Questions

          Based on the objectives of the study, the following questions were raised:

  1. What are the effects of honesty on the performance of manufacturing establishments in Nigeria?
  2. What are the effects of trustworthiness on the performance of manufacturing establishments in Nigeria?
  3. What are the effects of accountability on the performance of manufacturing establishments in Nigeria?
  4. What are the effects of loyalty on the performance of manufacturing establishments in Nigeria? 

1.5     Research Hypotheses

The following research hypotheses were formulated to guide the study:

  1. HO1: There are no significant effects of honesty on the performance manufacturing establishments in Nigeria.

HA1:   There are significant effects of honesty on the performance manufacturing establishments in Nigeria

  1. HO2: There are no significant effects of trustworthiness on the performance manufacturing establishments in Nigeria.

HA2:   There are significant effects of trustworthiness on the performance manufacturing establishments in Nigeria.

  1. HO3: There are no significant effects of accountability on the performance manufacturing establishments in Nigeria.

HA3:   There are significant effects of accountability on the performance manufacturing establishments in Nigeria.

  1. HO4: There are no significant effects of loyalty on the performance manufacturing establishments in Nigeria.

HA4:   There are significant effects of loyalty on the performance manufacturing establishments in Nigeria.

1.6     Significance of the Study

The study of this nature shall be immense benefits to the purchasing managers in their effort to procure standard and sufficient goods and services for the growth of their firms.

The study will also make the management of organization to be aware of some ethical practices of purchasing personnel which are detrimental to the success of the organizations so as to guard against them.

It will help the management of manufacturing establishments to take time in selecting or appointing their purchasing or supplies managers.

The study will be significant to the students and other researchers who intend to carryout research in the same or similar area of study in the future.

1.7     Scope of the Study

          This study focuses on the impact of ethical values of purchasing managers on the performance of manufacturing establishments in Nigeria, using selected small and medium scale enterprises in Ikot Ekpene Local Government Area, Akwa Ibom State as a case study.

1.8     Limitations of the Study

The study was limited by the following factors:

Time constraint: The duration for the study was a bit short for adequate and complete investigation to be carried out.

Material constraint: Lack of enough research materials for literature review limited the volume of findings of the study.

Financial constraints: Unavailability of funds was also a hindering factor; enough funds were not available to conduct a thorough study on the topic.

1.9 Definition of Terms

Establishments: This is a term used to describe a dominant group or elite that control a policy or organization.

Ethics: This refers to a set of rules that defines the right or wrong conduct.

Manufacturing: This is the production of goods through the use of labour, machines, tools and chemical or biological processing or formulation.

Performance: This is how effective something or someone is doing a good job.

Purchasing Manager: They oversee the work of buyers and purchasing agents.

 

 

 

 


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