THE EFFECT OF INVENTORY CONTROL IN MANUFACTURING COMPANY

THE EFFECT
OF INVENTORY CONTROL IN MANUFACTURING COMPANY

ABSTRACT

          This
project is considered with the significance of management on the effect of
inventory control in a manufacturing company. Inventory control in
manufacturing company is not properly maintain and control as a result of lack
of professionals, expert in inventory control system and good inventory policy.
          This
research work looks into the problem of effect of inventory in a manufacturing
company. In this research, primary and secondary data were utilized while chi
–square was used to analysed, the data collected. However, it was found out
that management has not be able to achieve the effective and efficiency of
inventory control policy.
          The
conclusion is the use of first in first out method employed by the management
for more effective and efficient production. Therefore it is my hope that this
research will help the Cadbury Nigeria Plc and on how to have effective
inventory policy.
                                 TABLE
OF CONTENT
Title                                                                                               Page
Title page                                                                            i
Certification                                                                                   ii
Dedication –                                                                                    iii
Acknowledgement                                                                 iv
Abstract                                                                              vi
Table of Contents                                                                          vii
CHAPTER ONE
1.0     Introduction-                                                                1
1.2     Statement
of the Problems-                                             2
1.3     Objectives
of The Study-                                                           3
1.4     Importance
of  Study-                                                    4
1.5     Statement
of Hypothesis                                                           6
CHAPTER TWO
2.1           
          Literature                                                                 7
2.2           
          Definition
                                                             8
2.3           
          Stock
Related Cost                                                             8
2.4           
          Types
of Inventory –                                                   9
2.5           
          Importance
of Inventory –                                            9
2.6           
          Material
Purchase –                                                     10
2.7           
          Material
Receipt and Inspection –                                  12
2.8           
          Material
Storage –                                                      12
2.9           
          Inventory
Management and Planning –                            14
2.10       Inventory Level –                                                          14
2.11       Economic Order Quantity formula –                                 18
2.12       Objective of Inventory Management –                                     19
2.13       Reason for Holding Stock –                                             20
2.14       Important forms and Document used
in Inventory –                  21
2.15       Stock Taking Method –                                                  23
2.16       Inventory Pricing –                                                              24
 
CHAPTER THREE
3.0         Research Methodology –                                                   31
3.1    
Research Designed –                                                     31
3.2     Population
of the Study –                                .-                         31
 3.3        Sample
and Sampling Procedure                                       31
3.4     Research Instrument –                                                    31
3.5     Validity
of Instrument –                                                 32
3.6     Reliability
of the Study –                                                           32
3.7     Administration
of Instrument –                                                   33
3.8     Data
Analysis-                                                               
CHAPTER FOUR
4.0     Data
Analysis Presentation and Interpretation
4.1     Analysis
of well Completed and Return Questionnaire –                   34
CHAPTER FIVE
5.0     Summary
of Findings, Conclusion, and                              42
5.1     Summary.                                                                   42
5.2     Conclusion                                                                 43
5.3     Recommendations                                                                   43
          References
                                                                           45
         

 

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