Effect Of Lease As A Means Of Procurement In Manufacturing Organization

The essence of this research work is to investigate carefully the effects of lease as a means of procurement in manufacturing organizations. Some selected companies were used as a case study like the studio press Nigeria plc at Lagos and Aluminum extrusion industry plc. While carrying out this research work the researcher reviewed the extent to which some firms have availed themselves to leasing and the effect of lease in tackling the logistic and financial problems of these firms. It was also carried out to examine the problems associated with leasing. To really investigate on this work, an elaborate literature review was carried out and some forms of questionnaire were issued out. The researcher choose a sample of forty eight (48) respondents within two areas of concentration using the stratified random sampling method. Based on the respondents answers to the questionnaires a study was guided by some given hypothesis which were later tested using a distribution called chi-square (X2) method. Some findings were derived from the tested hypothesis, one of them is that leasing is more profitable than outright purchase. Based on these findings recommendations were made and conclusion drawn.

The purpose of this research work is to undertake a survey of some firms in parts of Nigeria and to achieve the following:

(i) Study the extent to which these firms have availed of leasing.

(ii) Examine the effect this has so far in solving the logistic and financial problems in these firms.

CONCLUSION AND RECOMMENDATION

5.1 CONCLUSION

In this study, our focus was to examine the effect of lease as a means of procurement in manufacturing organization using Studio Press Nigeria Plc and Aluminum Extrusion Industry Plc, Lagos State as case study. The study specifically was aimed at ascertaining if Leasing does have positive impact on firms and if firm engage more in leasing rather than outright purchase. The study adopted the survey research design and randomly enrolled participants in the study. A total of 48 responses were validated from the enrolled participants where all respondent are active workers in the sampled organizations.

The findings revealed that Leasing does have positive impact on firms.

The findings also revealed that manufacturing firms engage more in leasing rather than outright purchase.

5.2 RECOMMENDATION

Based on the responses obtained, the researcher proffers the following recommendations:

Manufacturing firms should embrace lease as a method of financing their operations as evidence suggests that value is added through the use of lease financing.

Certification

Dedication

Acknowledgement

Table of Content

List of Tables

ABSTRACT

CHAPTER ONE: INTRODUCTION

1.1 Background of the study

1.2 Statement of the problem

1.3 Objective of the study

1.4 Research Questions

1.5 Research hypotheses

1.6 Significance of the study

1.7 Scope of the study

1.8 Limitation of the study

1.9 Definition of terms

CHAPTER TWO: REVIEW OF LITERATURE

2.1 Review of concepts

2.2 Theoretical Framework

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Design

3.2 Population of the study

3.3 Sample size determination

3.4 Sample size selection technique and procedure

3.5 Research Instrument and Administration

3.6 Method of data collection

3.7 Method of data analysis

3.8 Validity and Reliability of the study

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 Data Presentation

4.2 Answering Research Questions

4.3 Test of Hypotheses

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Conclusion

5.2 Recommendation

References

Appendix

• Procurement and Purchasing Project Topics and Materials