The impact of record keeping on procurement of goods and services in century bottling company
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Date
2016-11
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Kampala International University, College of Economics and Management
Abstract
This study sought to find out the impact of record keeping on procurement of goods and services of century bottling company. The study was guided by the following objectives; to investigate the different procurement procedures used in century bottling company, to identify the different record keeping methods used in century bottling company and to find out the impact of record keeping on procurement of goods and services of century bottling company. The study adopted a cross sectional survey design where data was collected from a cross section of respondents at one point in time. The sample was selected from the departments of procurement and logistics. Production. Sales and marketing, financial administration. Internal audit and Accounts. The sample size comprised of 40 respondents. The findings revealed that there is Identification of needs by the user department, there is review of the specifications before purchases are made, the company prepares the bids and invites bidders. Award is best on the past performance of the bidder and evaluation of bidders is done by the company before short listing. The findings also revealed that records keeping has helped in auditing, record keeping has simplified the budgeting for future, record keeping has helped in providing information for supplier, creditors and outside inventors, records keeping has provided accurate and timely information for decision making purpose and record keeping helps to monitor business performance.
Description
A research report submitted to the College of Economics and Management in partial fulfillment of the requirement for the award of Bachelors Degree of Supplies and Procurement Management of Kampala International University
Keywords
record keeping, procurement, goods and services, bottling company