AN EVALUATION OF STOCK CONTROL IN A MANUFACTURING COMPANY - UNIPROJECTS

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AN EVALUATION OF STOCK CONTROL IN A MANUFACTURING COMPANY


ABSTRACT
Evaluation of stock in manufacturing company is aimed at examine and to understand major problems involved in stock control and to related theses problems to stock control in manufacturing product company.
In carrying out these project research hypothesis was formulated which includes;
Ho: Stock control does not have relationship on identifying research problems the profit of manufacturing. However, on identifying research problems the researcher next point of thought is data collection, which are related to the problem.
          The researcher source of data are through the primary source and secondary source. The primary data source of collection was mostly appreciated in this research work because of the following;
1.               The exact information is obtained
2.               it is more realistic and accurate than secondary.
However, in view of the findings base on this project research the following is extracted.
 i.               Stock is properly controlled through the arrangement of warehouse
ii.               Different situations require different policies. There is dynamic situation in company policies
iii.               Financial situation of company does not have effect in stock management.
In conclusion, stock control has been the key success to many manufacturing firms whether small or large. Stock  are maintained in order to reduce uncertainly and total inventory of cost. Also inventory numerous functions. Inventory of commodity therefore should be justified by benefits accruing from none or more function served by inventory.
Lastly, the following recommendation were made;
i.                The arrangement of warehouse should be considered and done profitably so that cost of storage
ii.              Appropriate policies should be made and this can be done by considering the situation because different situation needs different policies
iii.            It is also paramount importance that the management should level in order to avoid stock out and having excessive store of stock.

TABLE OF CONTENTS
Title Page                                                                                     i
Certification                                                                                 ii
Dedication                                                                                   iii
Acknowledgements                                                                      iv
Abstract                                                                                       v
Table                                                                                           vii
CHAPTER ONE
1.1     Introduction                                                                       1
1.2     Statement of Problems                                                       2
1.3     Objective of the Study                                                       3
1.4     Hypothesis Formulation                                                     4
1.5     Research Questions                                                            5
1.6     Significance of the Study                                                   5
1.7     Scope and Limitation                                                         6
1.8     Plan of Study                                                                     7
CHAPTER TWO
2.1     Literature Review                                                               8
2.2     Motive of Holding Stock                                                    9
2.3     Objectives of Stock Holding                                              11
2.4     Categories of Stock                                                            13
2.5     Relevant Costs for Stock Control                                       14
CHAPTER THREE
3.1     Research Methodology                                                       16
3.2     Sources of Data Collection                                                 16
3.3     Description of Research Instrument                                   17
3.4     Population                                                                         18
3.5     Research Design                                                                19
3.6     Sample                                                                               19
3.7     Sampling Frame                                                                 20
3.8     Sampling Plan                                                                    20
CHAPTER FOUR
4.1     Data Analysis                                                                     21
4.2     Statistic Analysis of the Questionnaire Dispersed is
 as Follow                                                                          22
4.3     Testing and Interpretation of Hypothesis                            31
CHAPTER FIVE
5.1     Summary of Findings, Conclusion and Recommendations 36
5.1.1   Summary of the Findings                                                   36
5.2     Conclusion                                                                        37
5.3     Recommendations                                                             38
          References                                                                         40

CHAPTER ONE
1.1     INTRODUCTION
          Most manufacturing companies harvest a lot of money in stock like raw materials, work – in – progress, finished goods and spare part whether as a result pf deliberate policy or not. Therefore, there must be an effective and efficient way or means of controlling such stocks.
          Investment becomes excessive, the result are high overhead cost, operation cost, decreased production efficiency and capital tie down. On the other hand, if t


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