The Effect Of Stock Control Profit Maximisation In Manufacturing Company

stock control
stock control
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The Effect Of Stock Control Profit Maximisation In Manufacturing Company 

Stock Control


This project is centered on the importance of stock control and management in business organization to enable the research obtain relevant materials and information for the purpose of analysis and conclusion personals interviews and the use of questionnaire were employed together, information from various department in Nigerian Bottling Company Kaduna. The use of text books to review related literate was also employed. The study also evaluate the extent the company complies with accepted methods or (models) like economic order quantity, re-order level, safety stock etc. the essence of this study have been to study the problems. The researcher reveals that for erective control of stock, the company has a department solely responsible for inventory control thereby reducing the operational cost of the business. It also facilitate easy and maintenance of  all documents. It was also discovered that the company does not apply scientific method of economic order quantities to determine re-order level or quantities. Based on the findings, it was recommended that the organization should introduce the use of computer to enable it keep proper and up to date stock record at all times. It was recommended that the entire system should be made to involves all functional managers directly affected by the stock control system, will facilitate on understanding of the system and its effective implementations.
Title page i
Declaration ii
Approval iii
Dedication iv
Acknowledgement v
Abstract vii
Table of content viii
1.0 Introduction 1
1.1 Background of the study 1
1.2 Statement of the problems 5
1.3 Objectives of the study 6
1.4 Formulation of hypothesis 7
1.5 Significance of the study 7
1.6 Scope of the study 9
1.7 Limitation of the study 9
1.8 Historical background of the firm 9
1.9 Organizational structure of the study 10
1.10 Definition of terms 11
2.0 Review of Related Literature 12
2.1 Introduction 12
2.2 Definition of Basic concept 15
i. Stock Control 15
ii. Profit Maximization 18
iii. Manufacturing industry 24
2.3 Necessity for holding stocks 26
2.4 Authorization of stock issues 27
2.5Effects of over stocking and under stocking 30
2.6 Advantages of efficient stock control systems 32
2.7 Setting up inventory control   32
2.8 Inspection and receipt of incoming stock 34
2.9 Responsibility for stock control 35
2.10 Economic order quantity (EOQ) 42
2.11 The formula approach 42
2.12 Requirement of material control method 48
2.13 Training of store keepers. 49
Research Methodology
3.1 Introduction 51
3.2 Method of Data collection 51
3.3 Problems of Data collection 52
3.4 Types of data 53
i. Primary data 53
ii. Secondary data 54
3.5 Population of study 54
3.6 The study sample 55
3.7 Description of the questionnaire 55
3.8 Research instruments 56
3.9 Method of testing the hypothesis 57
4.0 Data presentation analysis and interpretation 58
4.1Introduction 58
4.2 Presentation of data 58
4.3 Analysis of data 60
4.4 Testing of hypothesis 67
4.5 Summary of findings 67
5.0 Summary, Conclusion and Recommendation 71
5.1 Summary of the study 71
5.2 Conclusion and Recommendation 72
5.3 Recommendations concluding remark 73
Bibliography 75
Appendix I76
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