Impact of procurement and supply chain management and organizational profitability - case study of Kam Wire industry Department: Purchasing and Supply By: Eniolamoses Project ID: 8759 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study investigates the impact of procurement and supply chain management (SCM) practices on organizational profitability, using Kam Wire Industry in Ilorin as a case study. The research aims to evaluate how effective procurement and SCM strategies enhance operational efficiency, reduce costs, and improve profitability. Employing a mixed-methods approach, data were collected through structured questionnaires and interviews with procurement and supply chain personnel, supplemented by secondary data from company reports and industry publications. The study examines key SCM dimensions, including supplier selection, inventory management, logistics, and risk management, and their influence on financial performance, operational efficiency, and customer satisfaction. Findings indicate that streamlined procurement processes, strategic supplier partnerships, and robust inventory and logistics systems significantly contribute to reduced lead times, lower costs, and enhanced product quality, thereby boosting profitability. The research underscores the critical role of strategic procurement and SCM in achieving competitive advantage and recommends continuous improvement in procurement practices, adoption of advanced SCM technologies, and regular training for personnel to sustain long-term business success at Kam Wire Industry and similar organizations....Preview Download Preview +Other Purchasing and Supply project topics and materials you might be interested in»The impact of material management on organization productivity»The role of physical distribution function in a manufacturing company (A case study of 7up bottling company Aba) »The impact of new product development on performance of commercial banks in Nigeria (a case study of three banks in Owerri) »Stock control: a tool for the attainment of organizational objectives in a manufacturing company (a case study of PZ industry Aba, Abia state) »The need for efficient supply management in the public sector (a case study of ministry of finance Imo state)»The need for effective stock control in an organization (a case study of Jacobs wine limited, Mgbidi)»The impact of manpower training and development on purchasing personnel in the manufacturing industry (a case study of PZ Cussons plc)»The impact of the application of health and safety regulations in stores (a case study of consolidated brewery, Awo-Ommama) »The need for training and development of suppliers personnel in the public sector (a case study of ministry of agriculture and natural resources) »Impact of store functions on achieving organizational objectives»Effective purchasing planning as a cost reduction tool in the manufacturing industry»The role and contribution of purchasing and supply in the profitability of an organization - a case study of Nigerian Bottling Company Plc, Owerri»Impact of stock taking as a control measure in a manufacturing company»The roles of effective distribution channels on customers satisfaction»The impact of effective and efficient stock control in a manufacturing organization