ABSTRACT
This research work is an attempt to look into the impact of inventory management and control in manufacturing company. It was conducted using Tower Galvanized Products (GTP) Ltd Kaduna. The research work was carried out with the intention of examining the pit falls of manufacturing companies in carrying out necessary management and control of their inventories. For this purpose the study was divided into five chapters. Chapter one introduced the research topic, the objective of the study was also define which include to access and highlight the different methods of inventory, planning and reeducation and the most appropriate one. Chapter two was concerned with the review of related literature and points like objectives of inventory management which include to maintain minimum investment in inventories to maximize profitability were discussed. Chapter three dealt with the methodology used in collecting data. In this chapter the random sampling technique was adopted and questionnaire were used to collect the data. Chapter four has to do with the analysis of the various data collected using the mean. In chapter five, summary of the research work was don and conclusion were drawn to give recommendations in that a manufacturing companies with a view to profit maximization and cost reduction should adopt and maintain an effective inventory management and control system
TABLE OF CONTENTS
Title page i
Declaration page ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vii
Table of contents viii
CHAPTER ONE
Introduction
1.1 Background of Study 1
1.2 Statement of the Problem 4
1.3 Objective of the Study 6
1.4 Significance of Study 7
1.5 Research Questions 8
1.6 Scope of the Study 8
1.7 Limitation of the Study 9
1.8 Definition of terms 9
CHAPTER TWO
Literature Review
2.1 Introduction 11
2.2 The Concept of Inventory Management 12
2.3 The Nature of Inventory 14
2.4 Motive for Holding Inventory 16
2.5 Objective of Inventory Management 20
2.6 Techniques of inventory Management and Control 22
2.7 Economic Order Quantity Model 23
2.8 Inventory Records 31
2.9 Inventory Valuation Methods 35
2.10 Inventory Ordering System 38
2.11 The Impact of Computer Application on Inventory Management and control 41
CHAPTER THREE
Research methodology
3.1 Introduction 44
3.2 Research Design 44
3.3 Area of Study 45
3.4 Population of the Study 45
3.5 Sample 45
3.6 Instrument for Data Collection 46
3.7 Validity of the Instrument 47
3.8 Reliability of the Instrument 47
3.9 Methods of Data Collection 48
3.10 Methods of Data Analysis 48
CHAPTER FOUR
Data Presentation and Analysis
4.1 Introduction 50
4.2 Characteristics of respondents 50
4.3 Presentation of Data and Analysis in Tables 54
4.4 Summary of findings 61
4.5 Discussion of Findings. 63
CHAPTER FIVE
Summary, Conclusion and Recommendations
5.1 Summary 66
5.2 Conclusion 67
5.3 Recommendations 69
Bibliography 72
Appendixes