ABSTRACT
A major sources of great concern to manufacturing companies has been the all-important, all pervading recurring issue and question of inventory management. This is understandable; as a dominant constituent of current assets is attributable to the very nature of inventory and the fact that it is among others, a potent tool for cost reduction.
The importance of inventory management as a tool for cost reduction cannot therefore be over emphasized since it has been established to play leading role in the continued efficient and profitable productive existence of any manufacturing organization. For that reason, the trust of this research work is essentially to analyse the importance of inventory management, its problem and solutions and as a tool for cost reduction will Nigerian breweries plc 9th mile corner, near Enugu as a case study.
The data for the research work were collected and collated through the use of questionnaires and personal interviews systematically designed and administered on the respondents. Four department of the company were used for the survey and ninety copies of the research questionnaires were returned. Analysis of the data collected was based on the use of simple percentages.
The research findings shows that effective inventory management enhances efficiency, accountability and reduces cost in Nigeria breweries PLC 9th mile corner. First-in-first-out method of stock valuation was highly favoured.
In line with the objectives of the research recommendations were made, which when properly implemented will help the company immensely. Sequel to the research findings, it is recommended that manufacturing companies should strive to determine the level of stock, the optimum stock to maintain so as to in equilibrium between safety and profitability and thereby reduce cost.
With this adhere to the performance of manufacturing companies in Nigeria will improve tremendously.
TABLE OF CONTENT
Title page
Certification
Dedication
Acknowledgment
Abstract
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Significance of the study
1.5 Definition of terms
1.6 References
CHAPTER TWO
2.0 Literature review
2.1 Introduction (the origin of the subject area)
2.2 School of thought within the subject area
2.3 School relevant to the problems of study
2.4 Deferent method of studying the problem
2.5 References
CHAPTER THREE
3.0 Conclusion
3.1 Presentation of data
3.2 Analysis of data
3.3 Recommendation
3.4 Conclusion
3.5 References
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2013, 05). The Importance Of Inventory Management As A Tool For Cost Reduction In Manufacturing Companies (a Case Study Of Nigerian Breweries, Plc 9th Mile Corner).. ProjectStoc.com. Retrieved 05, 2013, from https://projectstoc.com/read/1526/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner
"The Importance Of Inventory Management As A Tool For Cost Reduction In Manufacturing Companies (a Case Study Of Nigerian Breweries, Plc 9th Mile Corner)." ProjectStoc.com. 05 2013. 2013. 05 2013 <https://projectstoc.com/read/1526/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner>.
"The Importance Of Inventory Management As A Tool For Cost Reduction In Manufacturing Companies (a Case Study Of Nigerian Breweries, Plc 9th Mile Corner).." ProjectStoc.com. ProjectStoc.com, 05 2013. Web. 05 2013. <https://projectstoc.com/read/1526/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner>.
"The Importance Of Inventory Management As A Tool For Cost Reduction In Manufacturing Companies (a Case Study Of Nigerian Breweries, Plc 9th Mile Corner).." ProjectStoc.com. 05, 2013. Accessed 05, 2013. https://projectstoc.com/read/1526/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner.
- Related Works
- The Impact Of Supervision On Effective Bank Management (a Case Study Of United Bank Of African Plc (u.b.a) Station Road Enugu)
- The Impact Of Apprenticeship On The Manpower Needs In Nigeria (a Case Study Of Enugu Metropolis)
- Managing Rural Development Through Industrialization (a Case Study Of Agwu Local Government Area)
- The Role Of Small-scale Industries In The Economic Development Of Nigeria
- The Role Of Effective Leadership In The Achievement Of Organization (a Case Study Of Institute Of Management And Technology Imt Enugu State)
- Leadership Effectiveness In A Government Owned Financial Institution (a Case Study Of Nigeria Industrial Development Bank Enugu)
- Problems Of Management Of Small Scale Industry (a Case Study Of Farmers In Udi Local Government Area Of Enugu State)
- The Impact Of Manpower Development And Training In Efficient Management Of Parastals (a Case Study Of Nigeria Railway Corporation Eastern Division Enugu)
- An Account For The Low Productivity In Public Corporations In Nigeria (a Case Study Of National Electric Power Authority Nepa, Enugu Zonal Office)
- Logistic Of Distribution System In Breweries (a Case Study Of Gloden Guinea Brewerier Company)