ABSTRACT
This research examines the Significance of Store Management in a Manufacturing Organization (A Case Study of Doyin Investment Plc, Ilorin). Every manufacturing organization has store, the significance of effective stores management cannot therefore be over emphasized.
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The researcher topic will consist of five chapters
Chapter one of the research work shall deal with the background of the study, historical background of the case study, statement of problem, the objective of the study, scope of the study, limitation and constraints, and the definition of terms.
Chapter two deals with the review of related literature on the subject matter.
In chapter three, the following will be examined, research methodology, research approach/design data collection instruments research population and sample size, sampling procedure employed and statistical techniques for data analysis, while
Chapter four will shed light on the presentation and analysis of data.
Chapter five which is the last chapter will centre on the summary of finding, conclusion and recommendations.
Title page
Certification Dedication
Acknowledgements
Table of Contents
Abstract
CHAPTER ONE: BACKGROUND TO THE STUDY
1.1Introduction
1.2Historical background of the case study
1.3Organization structure
1.4Statement of the problem
1.5Objective of the study
1.6Significance of the study
1.7Scope of the study
1.8Limitation of constraints
1.9 Definition of terms
CHAPTER TWO: LITERATIVE REVIEW
2.1 Store function
2.2 Reasons for holding stock
2.3 The responsibility
2.4 Stock control
2.5 Storage of material
CHAPTER THREE: RESEARCH METHODOLOGY
3.1Research Approach/Design
3.2Source of Data
3.3Data Collection Instruments
3.4Research Population and Sampling
3.5Sampling Procedure Employed
3.6Method of Data Analysis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1Data Presentation and Analysis
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMEMDATION
5.1 Summary of Finding
5.2 Conclusion
5.3 Recommendations
CHAPTER ONE
1.1 INTRODUCTION
In developed countries, stores management is recognized as one of the most important links in growth of business organization. It contributes majority to profitability and financial stability of a business firm. In developing countries however, it is yet to make its fullest impact store management therefore, needs to brought home to decision makers in private, public and most especially manufacturing companies so that they can appreciate its significance (cost saving contributions) to so help the organization out in these times of recession.
Stores management however, covers a great deals more than physical keeping of items in stores but also includes.
1.Holding controlling and issuing of stock
2.Control of all store house, stock yard and outside store units.
3.Material handling function
4.Quality control activities
5.Training of store staff
6.Clerical administration of stores operations etc.
Store management therefore, mean keeping items in stock, ensuring that they are identifiable accessible, safeguarded and available to meet all demands without carrying unnecessary large stock.
1.3 ORGANIZATION STRUCTURE
In the company’s organizational structure, authority flows from top ladder. The complexity and the fact the personnel changes are taking place constantly create the need for organizational chart and manual.
Organizational chart is a process whereby each department is tied together along the principal lines of authority. It is the planned frame work around which individual effort resolves. It also determines how the to be done is shared out which in turn affects both communication and personal relationship between people in the establishment.
In the case of Doyin Investment Plc, the General Manager of the company sees to the day today affairs easy flow of information and communication problems do not arise at all because the structure of the organization does not allow message to be delayed. He has the responsibility to co-ordinate and supervises the activities of the various departments. He is directly responsible to the chairman and board of directors of the organization. Immediately after the General Manager, there are two Assistant General Manager, one overseeing production and the other for sales department of the various sections existing in the company. On unique feature of this organizational chart is that the internal auditor who oversees the adult department
owe his allegiance directly to the chairman of the company and board of directors.
Auditors are to carry out a regular auditing of the purchase of raw materials, their utilization and the use of all company’s assets.
There are seven departments in the organizations in the organization namely production, Technical, Account, personal internal auditing laboratory and quality control department and sales department.
Looking at the organizational structure of Doyin Investment Plc. One will see that it is formal in nature with authority and responsibility flowing from the top the bottom of the organization.
1.4 STATEMENT OF THE PROBLEMS
Manufacturing companies in Nigeria encounter numerous problems relating to stores activities as explained below and the company under study is no exception.
The following are some of the problem:
- a) The problem of over stocking:- This is a situation where thereare more stock of an item in the store beyond what is normall required to provided satisfactory services.
- b) Under Stocking:- Is also another problem being faced by most manufacturing companies in Nigerian in this, organization carries ten quantity. Of an item required by the users (users department in an organization).
- c) Problem of obsolescence:- Obsolete inadequate storage space and facilities are also common.
- d) In efficient method of controlling stock is another problem normally encountered by the manufacturing companies.
1.5 OBJECTIVE OF THE STUDY
One of the motives behind this project is in partial fulfilment for the award of National Diploma in Business Studies awarded by the Institute of Finance and management Studies.
Secondly, the research work is to expose the researchers and broaden their knowledge about the subject matter i.e the significance of store management in a manufacturing industry”with peculiar reference to Doyin Investment Plc, Ilorin.
The research study is also aimed at making all profit oriented organization to realize how much is being lost daily as result of ineffective management of stores.
1.6 SIGNIFICANCE OF THE STUDY
The researcher carried out this exercise in order to portray the significance of stores management in a manufacturing organization with particular reference to Doyin Investment Plc, Ilorin.
The researchers through the research have acquired useful experience of whatis happening in the industrial store of the Nigerian economy. The significance of this study is to enable the industrial sector to appreciate the role of stress in the attainment of organizational objectives with model such as minimum, maximum and re-order level techniques I the store management.
The manufacturing companies are not likely to be convinced that stores management is not only concerned with stock holding facilities alone. This research work is very important.
Because it will point out some areas where the majority of Nigerian manufacturing organization are making a great mistake by allowing their store operations or functions be handled by unqualified store personnel’s.
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