Inventory Management And Control: A Strategy For Effective Production
INVENTORY MANAGEMENT AND CONTROL: A STRATEGY FOR EFFECTIVE PRODUCTION
- Format: Ms Word Document
- Pages: 90
- Price: N 3,000
- Chapters: 1-5
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This project is a case study of the inventory management system function as it is practiced in the Nigeria Bottling company Plc.
The management of inventory is a very difficult task and calls for hard and coordination of the activities of various categories of workers. For efficiency to be achieved in the management of inventory, all the sections and staff involved have to be efficient in their functions.
The major problem in inventory management is the determination of optimum inventory balance that will be advantageous to the company. This study therefore seeks for ways by which the problem can be reduced.
Chapter one gives the background information to the study chapter two is a review of the basis concept, theories and practices of inventory. Chapter three discuss about the methods used in collating and analysis data which is actually presented and analysis in chapter four. In chapter five, the concluding chapter, is to evaluate the findings in the course of the study and made due recommendation.
the right inventory in the right place at the right time and in the right quantity is inventory control and it is directly linked to production function of any organization.