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THE ROLE OF NEGOTIATION IN PURCHASING AND CONTRACT MANAGEMENT (A CASE STUDY OF FAN MILK NIGERIA PLC, ELEYELE, IBADAN)

Dept: PURCHASING AND SUPPLY File: Word(doc) Chapters: 1-5 Views:

Abstract

A research cannot be carried out if there is no missing link or lacunars or it there is no question unanswered. Negotiation has been seriously dealt with in this research work to know it role on purchasing and contracts management to some unanswered question as to give answer. Chapter one familiarized us with the meaning of Negotiation, statement of problem, objective of the study, important of the study, limitations and constraints, Historical background of (Fan Milk Nigeria Plc, Ibadan), organization structure of Fan milk Nigeria Plc, Ibadan, research question etc. We can see in chapter two the series of literature we reviewed to know what the past authors have said about Negotiation. The theories under Negotiation skill were also reviewed. Chapter three and chapter four dealt with research methodology and data presentation and analysis respectively. Questionnaire was used to collect the primary data and researcher employed the use of table and simple percentage for the use o

1.0     INTRODUCTION

Negotiation is a fact of life. Everyone negotiates something every day. Negotiation is a method by which people settle differences. Negotiation is one of the instruments employed by the buyer organization in order to reach a fair and reasonable price through sound discussion. Negotiation forms a substantial part of most purchasing officer or agent’s needs to be able to analyse and interpret information and be aware of danger involved  in any wrong decisions by the parties involved.

It is also important to recognise that the main task of the purchasing manager in fulfilling and carrying out his operation of maintaining suppliers is negotiation. The purchasing manager is a specialist in satisfying the needs of the company by seeking suitable sources of supply and negotiating to secure the best terms and services possible. Negotiation involves two or more parties with the aim of reaching an agreement of their term dissemination. Whenever it is required or reconcile two or more differing opinions in order to initiate the action or continue in mutually agreed condition. It is very vital that all buying and selling transactions leave both parties satisfied and hence acceptance on any of the parties.