AN OVERVIEW OF THE INVENTORY CONTROL MECHANISM AND MANAGEMENT IN NIGERIAN MANUFACTURING COMPANIES. - UNIPROJECTS

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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.


  FOR COMPLETE PROJECT CALL 07064961036



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
1.0             Introduction                                                                                                 1
1.1               Background of the Study                                                                 1
1.2               Objective of the Problem                                                                 3       
1.3               Objective of the Study                                                                      4
1.4               Significant of the Study                                                                   5
1.5               Research Question/Hypothesis                                                        6
1.6               Research Methodology                                                                    8
1.6.1       Design of the Study                                                                           8
1.6.2       Area of the Study                                                                            8
1.6.3       Population                                                                                         9
1.6.4       Sample                                                                                   9
1.6.5       Source of Data                                                                       9
1.6.6       Data Analysis Method                                                           10
1.7               Scope and Limitation of the Study                                         11
1.8               Definition of Terms                                                                11
1.9               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
3.0            Research Methodology                                                            39
3.1            Research Focus                                                                       39
3.2            Research Instruments                                                              39     
3.3            Restatement of Research Question/Hypothesis                       41
3.4     Description of the Population Sample of the Study                         43
3.5            Source of Data Collection                                                       43
3.6            Methods of the Data Analysis and Description of Tools of Analysis 44
End of Chapter References                                                      47
CHAPTER FOUR
4.0     Data Analysis, Interpretation and Discussion of Findings               48
4.1            Interpretation                                                                           48
4.2            Analysis of Data                                                                     48
4.3            Analysis of Table                                                                    49
4.4            Test of Hypothesis                                                                            51
End of Chapter References                                                               65                                   
CHAPTER FIVE
5.0     Summary ,Conclusion And Recommendations                       66     
5.1            Summary                                                                                 66
5.2            Conclusion                                                                              67
5.3            Recommendations                                                                             68
5.4            Suggestion For Further Studies                                                        69
End of Chapter References                                                               70                                   
Bibliography                                                                           71     
Appendix                                                                                72