Description
ABSTRACT
The main aim of embarking on this project is to know the need for efficient inventory control system in service oriented organization at the associated Bus Company Head Office at Umuoba Uratta in Imo State.
This study attempts finding out whether the company practice or applies the system of inventory control effectively. It also sees to the functions and systems applied in carrying out the inventory control work so as to maintain continuity of material inflow and outflow in the storehouse.
As generally known, inventory is an American language while stock is a British word but all mean the same.
From the review of related literature inventory control is the means by which materials of the correct quantity and quality is made available as and when required with due regard to economy in storage and ordering cost, purchase price and working capital.
The researcher review the related literature which centers on inventory control, the role of material management in business organization, types of inventory control system the stores managers responsibility in relation to materials storage, the stock record system, reasons for keeping stock record, method of stock record, material deterioration, stock discrepancy, obsolescence of material, inventory control techniques etc. information in the accomplishment of the research work are all expressed.
TABLE OF CONTENTS
i. Title page
ii. Approval page
iii. Dedication
iv. Acknowledgement
v.Abstract
vi. Table of content
CHAPTER ONE
INTRODUCTION
1.1 Overall/Background of the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Significance of the study
1.5 Research questions
1.6 Hypothesis
1.7 Scope of the study
1.8 Limitations of the study
19. Definitions of terms
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.2 The role of material management in business organization
2.3 The need for efficient inventory control systems and types
2.3.1 Types of inventory
2.4 The use of “ABC” pareto’s analysis in efficient inventory control system
2.5 Stores managers responsibility in relation to material storage
2.6 Stock Record System
2.6.1 Reasons for keeping stock record
2.6.2 Method of stock recording
2.6.3 Hand posted method
2.6.4 Machine posted method
2.7 Ways of preventing deterioration
2.8 Discrepancy, obsolescence and redundancy of stock discrepancy.
2.8.1 Discrepancy
2.8.2 Obsolescence
2.8.3 Redundancy
2.9 Inventory related cost
2.10 Inventory control techniques
2.10.1 Stock replenishment method
2.10.2 Materials requirement planning
CHAPTER THREE
RESEARCH METHODOLOGY
Introduction
3.1 The research design
3.2 The questionnaire design
3.3 Population and sample size selection
3.4 Sources of data
3.5 Data collection method/techniques
3.6 Data analysis techniques
3.7 Questionnaire Distribution /Return Table
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.0 Presentation of data
4.1 Analysis of data
4.2 Testing of hypothesis
4.3 Decision of rule
4.4 Discussion on major findings of the study
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
Bibliography
Appendix