EFFECT OF PURCHASING AND SUPPLY MANAGEMENT ON THE PERFORMANCE OF AN ORGANISATION IN INDUSTRY IN SOUTH WEST NIGERIA (OYO STATE)
Abstract
This study investigates the effect of purchasing and supply management on organisational performance in industries located in Oyo State. Purchasing and supply management plays a critical role in ensuring the efficient flow of materials, cost control, and operational effectiveness. The study employed a survey research design, collecting data from selected industrial organisations within the state. Data were analyzed using descriptive and inferential statistics. Findings revealed that effective procurement practices, supplier relationship management, and inventory control significantly enhance organisational performance. The study concludes that organisations that adopt strategic purchasing and supply management practices experience improved productivity, reduced costs, and increased profitability.
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