Employee’s Perception about Materials Procurement and Payables Management

The endeavour of the manufacturing business is to uphold stability between liquidity and profitability. It contracts with sustaining appropriate management of receivables and payables. The credit worthiness of the customer is determined by the time taken for paying back the cash. The capital cost is employed to meet the requirements for accomplishing the receivables and payables for forfeiting suppliers, employees, etc. The administration cost is deserved for inspecting the credit value of customers. The default cost arises for the reason that customers are incapable of paying the debt resulting in bad debts. This will ensure harmless future in terms of money for the business. This study investigates employee’s perception about materials procurement and payables management. Questionnaire is distributed to 60 employees for data collection. Analysis such as mean, factor and variance are used in analysis section.