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.

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

  • Introduction 1
    • Background of the Study 1
    • Objective of the Problem                                                 3
    • Objective of the Study 4
    • Significant of the Study 5
    • Research Question/Hypothesis 6
    • Research Methodology 8
      • Design of the Study 8
      • Area of the Study 8
      • Population 9
      • Sample 9
      • Source of Data 9
      • Data Analysis Method 10
    • Scope and Limitation of the Study 11
    • Definition of Terms 11
    • 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

  • Research Methodology 39
  • Research Focus 39
  • Research Instruments 39
  • Restatement of Research Question/Hypothesis 41
  • Description of the Population Sample of the Study 43
  • Source of Data Collection 43
  • Methods of the Data Analysis and Description of Tools of Analysis 44

End of Chapter References                                                      47

CHAPTER FOUR

  • Data Analysis, Interpretation and Discussion of Findings 48
    • Interpretation           48
    • Analysis of Data 48
    • Analysis of Table 49
    • Test of Hypothesis           51

End of Chapter References

CHAPTER FIVE

  • Summary ,Conclusion And Recommendations 66
    • Summary
    • Conclusion
    • Recommendations
    • Suggestion For Further Studies

End of Chapter References

Bibliography

Appendix

 

 

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Updated: February 14, 2016 — 1:37 pm

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