EVALUATING INVENTORY MANAGEMENT AND CONTROL IN MANUFACTURING FIRMS (A STUDY OF CHAMPION BREWERIES PLC, UYO)

EVALUATING INVENTORY MANAGEMENT AND CONTROL IN MANUFACTURING FIRMS

(A STUDY OF CHAMPION BREWERIES PLC, UYO)

ABSTRACT

Inventory management is a significant component of any business since inventories are normally accountable for the majority of the costs incurred in business operations. Several researches conducted to ascertain how companies meet customer demand by tracking and maintaining the inventory required using and inventory management system. Thus, the desire to find out inventory management and control on manufacturing ignited this study. This work examined the inventory and control management with a particular reference to Champion Breweries Plc, Uyo. To achieve this purpose, four research questions were formulated to guide the study. A structured questionnaire was used as the main instrument for data collection from 50 personnel of the company. The data collected from the respondents were analysed using simple percentage and correlational analysis for testing hypothesis. The study concluded with some recommendations that the company should hold inventory in the form of raw material, work-in-progress (process) and finished goods.

TABLE OF CONTENTS

CHAPTER ONE

1.1     Introduction

1.2     Statement of the Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Scope/Limitation of the Study

1.6     Research Questions

1.7     Definition of Terms

1.8     Organization of the Study

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.0     Introduction

2.1     Inventory Management: Definition and Concepts

2.2     Inventory Control Definition

2.3     Nature of Inventories

2.4     Needs to Hold Inventories

2.5     Objectives of Inventory Management

2.6     Inventory Management Technique

2.7     Inventory Management Process

2.8     Inventory Control System

2.9     Conclusion

CHAPTER THREE

RESEARCH METHODOLOGY AND DESIGN PROCEDURE

3.1     Introduction

3.2     Research Design

33. Area of the Study

3.4     Population of the Study

3.5     Sample Size and Sampling Technique

3.6     Sources of Data

3.7     Method of Data Collection

3.8     Method of Data Analysis

CHAPTER FOUR

PRESENTATION ANALYSIS AND INTERPRETATION OF DATA

4.0     Introduction

4.1     Presentation and Analysis of Data

4.2     Testing of Hypothesis

4.3     Discussion of Findings

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1     Introduction

5.2     Summary

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