AN EVALUATION OF STOCK CONTROL IN A MANUFACTURING COMPANY

ABSTRACT
Evaluation of stock in manufacturing
company is aimed at examine and to understand major problems involved in stock
control and to related theses problems to stock control in manufacturing
product company.
In carrying out these project
research hypothesis was formulated which includes;
Ho: Stock control does not have
relationship on identifying research problems the profit of manufacturing.
However, on identifying research problems the researcher next point of thought
is data collection, which are related to the problem.
          The
researcher source of data are through the primary source and secondary source.
The primary data source of collection was mostly appreciated in this research
work because of the following;
1.                
The
exact information is obtained
2.                
it
is more realistic and accurate than secondary.
However, in view of the findings base
on this project research the following is extracted.
 i.                 
Stock
is properly controlled through the arrangement of warehouse
ii.                 
Different
situations require different policies. There is dynamic situation in company
policies
iii.                 
Financial
situation of company does not have effect in stock management.
In conclusion, stock control has been
the key success to many manufacturing firms whether small or large. Stock  are maintained in order to reduce uncertainly
and total inventory of cost. Also inventory numerous functions. Inventory of
commodity therefore should be justified by benefits accruing from none or more
function served by inventory.
Lastly, the following recommendation
were made;
i.                  
The
arrangement of warehouse should be considered and done profitably so that cost
of storage
ii.                
Appropriate
policies should be made and this can be done by considering the situation
because different situation needs different policies
iii.             
It
is also paramount importance that the management should level in order to avoid
stock out and having excessive store of stock.



TABLE OF CONTENTS
Title Page                                                                                i
Certification
                                                                           ii
Dedication                                                                               iii
Acknowledgements                                                                 iv
Abstract                                                                                  v
Table                                                                                                 vii
CHAPTER ONE
1.1     Introduction                                                                             1
1.2     Statement of Problems                                                   2
1.3     Objective of the Study                                                   3
1.4     Hypothesis Formulation                                                         4
1.5     Research Questions                                                       5
1.6     Significance of the Study                                               5
1.7     Scope and Limitation                                                     6
1.8     Plan of Study                                                                 7
CHAPTER TWO
2.1     Literature Review                                                          8
2.2     Motive of Holding Stock                                                         9
2.3     Objectives
of Stock Holding                                          11
2.4     Categories of Stock                                                        13
2.5     Relevant Costs for Stock Control                                  14
CHAPTER THREE
3.1     Research Methodology                                                  16
3.2     Sources of Data Collection                                            16
3.3     Description of Research Instrument                              17
3.4     Population                                                                     18
3.5     Research Design                                                            19
3.6     Sample                                                                           19
3.7     Sampling Frame                                                            20
3.8     Sampling Plan                                                               20
CHAPTER FOUR
4.1     Data Analysis                                                                21
4.2     Statistic
Analysis of the Questionnaire Dispersed is
 as Follow                                                                      22
4.3     Testing and
Interpretation of Hypothesis                      31
CHAPTER FIVE
5.1     Summary of Findings, Conclusion and
Recommendations 36
5.1.1  Summary of the Findings                                              36
5.2     Conclusion                                                                     37
5.3     Recommendations                                                                   38
          References                                                                      40
CHAPTER ONE
1.1     INTRODUCTION
          Most
manufacturing companies harvest a lot of money in stock like raw materials,
work – in – progress, finished goods and spare part whether as a result pf
deliberate policy or not. Therefore, there must be an effective and efficient
way or means of controlling such stocks.

          Investment
becomes excessive

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