RESEARCH AS AN INSTRUMENT OF ORGANIZATION EFFECTIVE

0
448

RESEARCH AS AN INSTRUMENT OF ORGANIZATION EFFECTIVE (A CASE STUDY OF NIGERIAN BOTTLING COMPANY PLC ENUGU)

 

ABSTRACT

As the topic states, that is “the need for efficient inventory management in a manufacturing company.

One major component of this cost in many manufacturing organization that desires the attention of management in the investment in inventories” otherwise known as stock one will then say that really manufacturing companies face inventorying management problems of what the researcher tried to analyze and burring possible solution to that effect the problems associated with inventory management are unavailability of raw materials, the determinations of optimum level of stock as well as the discrepancy between policy and practice in stock management.

In carrying out the research work, some research work, some research questions were asked such as:

a.         Does the company make policy decision about stock management?

b.         Does inventory planning involve the determination of such factors as market demand and plant capacity.

c.         What benefit are derived from maintaining inventory at their optimal level?

The simple random sampling techniques was used and their method of data collection used were oral interview, company journals, textbooks and questionnaires which were mostly structured the department act as source of data for planning and controlling of stocks.

Moreover, from the analysis of data gathered, it was revealed that the company makes decision about stock management and also that stock can be allowed to leave the stores without requisition being made for it in order to meet up with emergency.

Based o the above analysis carried out, it was also fathered that inadequate information flow, rapid inflationary pressure as well as ill organized storage system are factors that militating against efficient inventory management in the company.

Economic order quality, stocks budget minimum – maximum stock levels are used as means of controlling stock.

The research writer recommends that the company should set up stock management committee I ensure that there is adequate information flow about inventory management and organize perfect storage system for the stocks.

In order to guide against inflation market price of valuing inventory is recommended there should be optimum stock level to avoid under or over stocking

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

There has been many definitions of the term “Research”, but the one the researcher is gang to use in this work states that “Researcher is the systematic and scientific method of finding solutions to a problem”. From the definition above, we take the problem to mean, a situation where there is an established difficulty without any immediate remedy.  It also means some mal functioning of a part of a system.  A problem can also mean anything that impedes the smooth running of a system or anything of interest to carryout investigation on.

 

 DOWNLOAD COMPLETE PROJECT MATERIAL

RESEARCH AS AN INSTRUMENT OF ORGANIZATION EFFECTIVE (A CASE STUDY OF NIGERIAN BOTTLING COMPANY PLC ENUGU)

Leave a Reply