AN OVERVIEW OF THE INVENTORY CONTROL MECHANISM AND MANAGEMENT IN NIGERIAN MANUFACTURING COMPANIES.

AN OVERVIEW OF THE INVENTORY
CONTROL

MECHANISM AND MANAGEMENT IN NIGERIAN
MANUFACTURING COMPANIES.


 

FOR COMPLETE PROJECT CALL 07064961036

ABSTRACT
This
research project talks about an overview of the inventory control mechanism and
management in Nigeria
manufacturing companies.
It
talks about inventory valuation system as an aspect of inventory management
that concerns the use of appropriate methods and procedures in pricing the
quantities of inventory issue with the firm in the course of production and
distribution.
It
also talks about materials resources planning as the procedure originated in
1960’s as a computerized approach for coordinating the planning of materials
acquisition and production prior to the widespread use of materials requirement
were determined by continuously reviewing stock when below recorded points.



TABLE OF CONTENTS
                                                                                                         
  
Page
Title                                                                                                    
  i
Certification                                                                                        
   iii
Dedication                                                            
                                  iv
Acknowledgement                                                                                 
v
Abstract                                                                                           vii
Table of Contents                                                                        
          viii
CHAPTER
ONE
1.0           
 Introduction                                                                                                 1
1.1              
Background of the Study                                                                 1
1.2              
Objective of the Problem                                                                 3       
1.3              
Objective of the Study                                                                      4
1.4              
Significant of the Study                                                                   5
1.5              
Research Question/Hypothesis                                                        6
1.6              
Research Methodology                                                                    8
1.6.1       Design
of the Study                                                                           8
1.6.2       Area
of the Study                                                                            8
1.6.3       Population                                                                                         9
1.6.4       Sample                                                                                   9
1.6.5       Source
of Data                                                                       9
1.6.6       Data
Analysis Method                                                           10
1.7              
Scope and Limitation of the Study                                         11
1.8              
Definition of Terms                                                                11
1.9              
Organization of Terms                                                           14
End
of chapter References                                                       16
CHAPTER
TWO
2.0     Literature Review                                                                              17
2.1     Meaning of Inventory                                                              17
2.2     Objectives of Inventory Management                                               18
2.3     Need to Hold Inventory                                                           19
2.4     Importance of Inventory                                                                   20
2.5     Inventory Control                                                                             21
2.5.1  Objectives of Inventory Control                                                       21
2.5.2  Inventory Control Terminologies                                            22
2.6     Relevant Cost in Inventory                                                     23
2.6.1  Holding Cost                                                                           23
2.6.2  Ordering Cost                                                                          25
2.6.3  Stock out Cost                                                                        25
2.7     Function of Inventory                                                             26
2.8     Inventory Planning and Control Model                                   26
2.9     Method of Purchase Requisition                                             30
2.10   Inventory Control Model                                                                  32
2.11.  Inventory Valuation System                                                   32     
2.12  Inventory Valuation Procedure                                                         36
End of Chapter References                                                      38
CHAPTER
THREE
3.0           
Research Methodology                                                            39
3.1           
Research Focus                                                                       39
3.2           
Research Instruments                                                              39     
3.3           
Restatement of Research Question/Hypothesis                       41
3.4     Description of the Population Sample of
the Study                         43
3.5           
Source of Data Collection                                                       43
3.6           
Methods of the Data Analysis and Description
of Tools of Analysis 44
End of Chapter References                                                      47
CHAPTER
FOUR
4.0     Data Analysis, Interpretation and Discussion
of Findings               48
4.1           
Interpretation                                                                           48
4.2           
Analysis of Data                                                                     48
4.3           
Analysis of Table                                                                    49
4.4           
Test
of Hypothesis                                                                            51
End of Chapter
References                                    
                          65                                   
CHAPTER
FIVE
5.0     Summary ,Conclusion And Recommendations                       66     
5.1           
Summary                                                                                 66
5.2           
Conclusion                                                                              67
5.3           
Recommendations                                                                             68
5.4           
Suggestion
For Further Studies                                                        69
End of Chapter
References                                    
                          70                                   
Bibliography                                                                           71     
Appendix
                                                                               72
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