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Stock Control As A Tool For Effective Material Management In Bottling Compnay

Download complete project materials on Stock Control As A Tool For Effective Material Management In Bottling Company from chapter one to five

TABLE OF CONTENTS

Title Page

Declaration

Approval page

Dedication

Acknowledgment

Abstract

Table of contents

CHAPTER ONE: INTRODUCTION

1.1   Statement of the problem

1.2   Statement of the Problem

1.3   Objective of the study

1.4   Statement of Hypothesis

1.5   Significance of the study

1.6   Scope of the study

1.7   Limitations of the Study

1.8   Brief History of Seven-Up Bottling Company Plc Kaduna

Regional Office

1.9   Definition of terms                                                           

CHAPTER TWO: LITERATURE REVIEW

Overview of the concept of stock control

Techniques of stock control

Stock control and materials management

Stock taking and store management structure

Control of stock by quantity and value

The relevance of materials management in an organization

Handling of materials in a manufacturing organization

Obsolescence, obsolete and redundant

Problem associated with materials management and possible solution

CHAPTER THREE: RESEARCH METHODOLOGY

3.1     Research methods and approaches used

3.2     Research Population

3.3     Sample Size and Sampling Techniques

3.4     Method of Gathering Data

3.5     Justification for Method used

3.6     Method of Data Analysis

3.7     Justification for the Instrument used

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1     Data Presentation

4.2     Data Analysis

4.3     Test of Hypothesis

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

Summary of findings

Conclusion

Recommendations

References

Appendix

CHAPTER ONE

INTRODUCTION

Background of the Study

Stock control is the means by which materials of the correct Quantity and quality is made available as and when required, with regard to economy in storage and ordering cost, purchase prices and work capital,

stock are held in the stores in order to meet the demand of the user departments since delivery of materials cannot  be exactly matched with usage day by day because suppliers may deliver the goods late and this can result in production disruption and of course loss of good-will from the customers therefore, to avoid this problem of production stoppage,

stocks are received from different suppliers and kept in the stores in order to meet the requirements of the user departments. Stock represents money and therefore need to be controlled and protected against unauthorized removal.   Otherwise, it will be difficult for the organization to realize the amount being invested in the stock.

Profitability As A Measure Of Organizational Performance

Financial Reporting As A Tool For Management Decision Making In An Economy

According to Glantiar (1999), stock control as means of keeping the overall costs associated with having inventory as low as possible without creating problems.

This is sometimes called inventory control. It is an important part of any business that must have a stock of product or items on hand. Correctly managing inventory control is a delicate balance at all times between having too much and too little in other to maximum profit.

The cost associated with holding stock running out of stock and placing orders must all be looked at and compared in order to find the right formula for a particular business.

The stock control section provides a good storage facilities such as racks, bins, shelves, trays, platform e.t.c. for the items to prevent breakages and for easy location. It also provides adequate system of identifying the materials and also provides stock levels such as minimum reorder and maximum stock level when there is need for such. The section also ensures that materials are issued only with requisition form that is properly signed by authorized personnel.

At the awake of the 20 century, many organizations both private and public began to recognize the importance of stock control in their organization through effective stock control.

Stock control as an effective tool for materials management will greatly contribute to their profitability and efficiency. When properly controlled, there will be no production stoppage and managements will not be overstocked and under stocked in the organization, no organization concern can operate without stock.

It is important to note that, this research work is aimed at examining the role of stock control as an effective tool for materials management in an organization and other techniques of controlling stocks as regard to 7up-Bottling Company Plc Kaduna Region.

1.2   Statement of the Problem

Organization, be it a manufacturing or servicing are usually faced with the problem of controlling stock effectively beginning from the point of procurement to stores, issuance to user departments and finally the finished products.

Problems may rear their heads in form of poor management, decline in sales, lack of finance, lack of customer relations, large labour turn-over, non-availability of the right materials of the right quality in the right quantity, delivered at the right time to the right place e.t.c.

Stock control is a vital tool in the life of any functioning organization, be it service or profit oriented. But it is also observed that its importance and role which it can make to profitability has not yet been appreciated in most organizations today.

In most government parastatals and some private organizations in Nigeria today, stock control is left in the hands o f non-professionals.

The   selection and placement of these   mediocre   in   such   strategic functions account for the poor performance of these organizations and establishments. This problem (stock control) is perhaps the most serious in manufacturing organizations.

The problem of poor store location and store layout system may also exist. When such a problem exists; materials are roughly handled, misplaced, muddled and mixed up under such a situation.

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