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
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