Inventory Planning And Control On Products Availability

It is a fact in materials management that continuity in production or provision of services on constant flow of required inventory. However, the question confronting the materials management remain, how much shall be ordered when the quality available is less than required to meet production demand or the quantity is less than order point and how best to plan and control the quantity of inventory needed at a given time.

The focus of the materials manager is to reduce the two extreme ends of the spectrum, that is excessive (surplus) stock and adequate stock (stockout). The level of stock or inventory to be purchased or carried by an organization will depend on a number of issue, such as level of consumption, bulk purchase, discount, reliable, delivery dates, difficulty in matching supply with demand, speculation (availability or scarcity) and the company’s policy it is this prevailing dynamic circumstance that gives rise to the need for inventory planning for product availability. Inventory planning however, an enormous task that requires an astute combination of intelligence of what is actually happening to demand and that of what we expect to happen (forecasting).

CHAPTER ONE: 

Introduction

1.1Background of the Study

1.2Statement of the Problems

1.3Objective of Study

1.4Significance of the Study

1.5Scope of the Study

1.6Research Questions

1.7Limitation of the Study

1.8Definition of Terms

CHAPTER ONE: 

Literature Review

2.0Introduction

2.1Inventory Planning

2.2Types of Inventory Planning

2.2.1The Basic Methods of Inventory Planning

2.3Importance of Inventory Planning

2.3.1Aims of Inventory Management

2.3.2Inventory Control Subsystem

2.3.3Objective of Inventory Management

2.4Time Management

2.4.1Cycle Time (Lead Time)

2.4.2Purchasing Tools for Managing Time

2.4.3Importance of Time Management

2.5Stock Control System

2.6Stock Maintenance

2.6.1Duties and Responsibility of Inventory Manager 

2.6.2Types of Store Facilities

2.6.3Aims and Objectives of Storage   

2.7Material Handling 

2.7.1Objective of Materials Handling

2.7.2Importance of Materials Handling 

2.7.3Classification of Materials Handling Equipment 

2.8Advantages and Disadvantage of Material Planning 

2.9Importance of Product Availability 

2.9.1Basic Concepts of MRP   

2.9.2Benefits of Material Requirement Planning 

CHAPTER THREE: 

Research Methodology

3.1Area of the Study

3.3Population of the Study 

3.2Research Design 

3.4Sample and Sampling Techniques

3.5Instrument for Data Collection 

3.6Administrations of the Instruments 

3.7Techniques for Analyzing Data

CHAPTER FOUR: 

Presentation and Analysis of Data

4.1Presentation of Results

CHAPTER FIVE: 

Summary, Discussion, Conclusion and Recommendation

5.1Summary of Procedure

5.3Implications of findings 

5.4Conclusion

5.5Recommendation

5.6Suggestion for further studies.

Bibliography

QUESTIONNAIRES