This study examines the essence of effective inventories control and management to manufacturing companies with particular emphasis on Ama Greenfield Breweries plc. The aim of this study is to investigate and ascertain areas of lapses by the company and offer effective ways and solutions in which the manufacturing company can explore the services of inventory management to effect its objectives. In carrying out this study, various research instruments such as questionnaires and oral interview were used to collect data from respondents and a research design was adopted with a sample size of 52. The statistical tool used for this work is Chi-square. Based on the analysis, it was discovered that inventory management plays a vital role in the manufacturing company. A well functional inventory management following the recommendations can bring about proper management thereby enhancing proper and effective production and it will equally ensure the effective, efficient and adequate use of materials and resources in the manufacturing company.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be over emphasized as it is a means for improving the performance of manufacturing industries. Inventory can be defined as a record of a business current assets including property owned, merchandise on hand and the value of work in progress and work complete but not sold and it is classified as a current asset because it can be turned into liquid cash within a short period of time. Inventory has created a great impact on the profitability of the manufacturing firm which resulted to the deep research of this topic. Effectiveness of inventory management in a manufacturing company. Inventory plays a major role in the operation of many businesses and manufacturing companies. In manufacturing, inventories of raw materials allow companies to operate independently of their sources of supplies. Day to day operation are not dependent on deliveries from supplies since stock of the necessary mateials are maintained and used s needed. Without inventory control, millions of naira could be lost year because of non accountability of stocks and inaccurate checks and balances.
Effectiveness Of Inventory Management in a Manufacturing Company
(A CASE STUDY OF AMA GREENFIELD BREWERIES PLC, ENUGU, NIGERIA) ABSTRACT This study examines the essence of effective inventories control and management to manufacturing companies with particular emphasis on Ama Greenfield Breweries plc. The aim of this study is to... Continue Reading
ABSTRACT This study examines the essence of effective inventories control and management to manufacturing companies with particular emphasis on Ama Greenfield Breweries plc. The aim of this study is to investigate and ascertain areas of lapses by the company and offer effective ways and solutions in which the manufacturing company can explore the... Continue Reading
ABSTRACT This study examines the essence of effective inventories control and management to manufacturing companies with particular emphasis on Ama Greenfield Breweries plc. The aim of this study is to investigate and ascertain areas of lapses by the company and offer effective ways and solutions in which the manufacturing company can explore the... Continue Reading
ABSTRACT The technique of inventory control is indispensable going by their impact in contributing, promoting and ensuring efficiency and effectiveness in any organization. In actual practice the vast majority of manufacturing companies suffer excessive inventories than are necessary. Therefore, inventory control process is much more complex than... Continue Reading
(A study of Siba Water Company, Ikot Ekpene Local Government Area.) ABSTRACT In any major manufacturing companies, inventory control is essential parts to check and carry out inventory adequately for proper recording. That is why in this... Continue Reading
THE NEED FOR EFFECTIVE AND EFFICIENT INVENTORY MANAGEMENT IN A MANUFACTURING COMPANY(A CASE STUDY OF EMENITE ENUGU ABSTRACT As the topic depicts, that is “the need for effective and efficient inventory management in a manufacturing organization, one will then say that manufacturing organizations really face inventory management problems of which... Continue Reading
1.1 INTRODUCTION: The viability of an organization ca be enhanced through an effective and efficient management of material resources. Inventory control is a notable measure in managing material resources. Management of resources covers every action taken from the procurement of the resources to their disposal. Firms take certain measures towards... Continue Reading
1.1INTRODUCTION: The viability of an organization ca be enhanced through an effective and efficient management of material resources. Inventory control is a notable measure in managing material resources. Management of resources covers every action taken from the procurement of the resources to their disposal. Firms take certain measures... Continue Reading
THE EFFECT OF INVENTORY MANAGEMENT IN THE VIABILITY OF A COMPANY A CASE STUDY OF STEEL AND NAILS MANUFACTURING INDUSTRY TABLE OF CONTENTS Chapter one 1.0 Introduction 1.1 background of the study 1.2 Statement of problem 1.3 Purpose of the study 1.4 Significant of the study 1.5 Scope and limitation of the study 1.6 Definition of terms Chapter two... Continue Reading
ABSTRACT The study was designed to determine the effectiveness of cash management on growth and survival of a manufacturing company using Nigeria Bottling Company Plc as a case study. A descriptive survey sample design was adopted. Data was collected for funding a self developed questionnaire which was validated and tested for reliability. A total... Continue Reading
