INVENTORY CONTROL PROCEDURES IN MANUFACTURING ORGANIZATIONS (A CASE STUDY OF EMENITE LIMITED, EMENE)

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ABSTRACT

This is a research project on inventory control procedures using Emenite Limited as a case study of manufacturing company.

This study is necessitated by the fact that many manufacturing firms can no longer meet up to installed capacity due to poor management of inventories. This has led to closing down of various companies or retrenchment of workers due to lean pockets. Therefore in this project, I am at critically examining the inventory control procedures of Emenite limited with the view that some other manufacturing companies in Enugu will learn from its success.

To solve the problem, both primary and secondary data were collected by using questionnaires, oral interviews of staff and personal observations. And in organizing the data, taxes and percentages were used.

The interpretation of the findings provide that Emenite Limited is a successful manufacturing company whose firm inventory control policies vitally ensures its success, and that other manufacturing companies can successes by following in the footsteps of Emenite Ltd.

TABLE OF CONTENT

Title page i

Approval page ii

Dedication iii

Acknowledgment iv

Table of contents v

Abstractviii

CHAPTER ONE

1.0Introduction 1

1.1Background to the study 2

1.2Statement of problems 3

1.3Objective of the study 3

1.4Scope of the study 4

1.5Research questions4

1.6Significance of the study 5

1.7Brief history of Emenite5

CHAPTER TWO

2.0Literature review 10

2.1The concept of inventory control 10

2.2Inventory control procedures 13

2.3Finished goods inventory 16

2.4Problems of inventory control 18

2.5Inventory control decisions 19

2.6Stock control models 22

2.7Inventory valuation 26

2.8Inventory records 30

2.9 Summary of Related Reviewed Literature 35

CHAPTER THREE

3.0Methodology37

3.1Research design 37

3.2Area for the study 37

3.3Population for the study 38

3.4Sample and sampling procedure 38

3.5Instrument for data collection 42

3.6Validation of instrument 42

3.7Reliability of the instrument 42

3.8Method of data collection 43

3.9Method of data analysis 43

CHAPTER FOUR

4.0Data presentation and analysis of data44

Summary of findings55

CHAPTER FIVE

5.1Discussion of results 57

5.2Conclusion 58

5.3Implications of the research results58

5.4Recommendation 59

5.5Suggestion for further studies 60

5.6Limitations of the study 60

References 62

Appendix 63

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INVENTORY CONTROL PROCEDURES IN MANUFACTURING ORGANIZATIONS (A CASE STUDY OF EMENITE LIMITED, EMENE)

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