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
(2014, 10). 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 10, 2014, from https://projectstoc.com/read/3788/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner-1692
"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. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/3788/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner-1692>.
"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, 10 2014. Web. 10 2014. <https://projectstoc.com/read/3788/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner-1692>.
"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. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3788/the-importance-of-inventory-management-as-a-tool-for-cost-reduction-in-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-9th-mile-corner-1692.
- Related Works
- An Anaysis Of The Uses And Abuses Of Public Relation In Management In Selected Nigeria Business Organization
- Establishment And Management Of A Small Scale Poultry Business (a Case Study Of Alpha Poultry Farm Emene, Enugu State)
- The Practice Of Staff Selection And Induction In Union Bank Of Nigeria Plc (a Case Study Of Union Bank Of Nigeria Plc)
- An Evaluation Of The Impact Of Wages And Salaries Policies On The Performance Of Workers Of National Eye Centre
- Management And Operational Problems Of Rural Water Supply In Nigeria (a Case Study Of Water Corporation Awka)
- Managing A Co-operative Society As Small Business Venture, A Case Study Of A Co-operative Society Supermarket, Oji-river
- Effective Implementation Of Organizational Policies And Procedure In Nigeria Business (case Study Of First Bank Plc Enugu)
- The Problems And Solutions Of Staff Training And Development In Business Organizations (a Case Study Of Niger Breweries Plc, Enugu)
- The Impact Of Management Information System On Bank Lending Decisions (a Case Study Of Standard Trust Bank Plc, Enugu)
- Problems Of Allocation, Distribution And Marketing Of Petroleum Products (a Case Study Of Nnpc Depot In Enugu East Local Government, Enugu State)