MANAGEMENT AND CONTROL OF INVENTORY IN A MANUFACTURING ORGANISATION (A case study of S. I. O. and ALLIED INDUSTRIES LTD ASABA)

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ABSTRACT

The purpose of this study is to examine the effectiveness of inventory control in manufacturing industries with particular reference to S. I. O. Industry Ltd Asaba.

Due to the unprecedented growth in manufacturing and merchandising industries over the years, inventory has been accorded the save Center of those industries. It therefore follows that in trying to hold the industries in these should be adequately and properly controlled with a view to minimizing costs.

Hence, in conducting research, the researcher made use of Oral interview and questionnaire; she also reviewed other related literatures necessary to provide the required data for the study. The data collected for the study were analyzed in tables using Chi Squares.

The findings were that through the management hires as much as the can, there are lapses in the inventory Control System also in the valuation of stock, the researcher found out that the company uses the first â€“ in â€“ first â€“ out (FIFO) method of stock valuation in valuing her stock.

This is because of inherent benefits in it and commended by the SAS, IAS and SSAP.

Based on findings, we have recommended among other things that the local source of ratio materials should be made to supply the firm when required.

TABLE OF CONTENTS

TITTLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENTS

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

STATEMENT OF PROBLEM

SCOPE AND LIMITATIONS

OBJECTIVES AND FORMATION OF HYPOTHESIS

REFERENCE

CHAPTER TWO

LITERATURE REVIEW

ORIGIN OF THE STUDY

VARIOUS FORM OF INVENTORY

INVENTORY MANAGEMENT TECHNIQUES

VALIDATION OF INVENTORY

SUMMARY

REFERENCE

CHAPTER THREE

CONCLUSION

DATA PRESENTATION

DATA ANALYSIS

RECOMMENDATION

CONCLUSION

REFERENCE

BIBLIOGRAPHY

APPENDIX

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MANAGEMENT AND CONTROL OF INVENTORY IN A MANUFACTURING ORGANISATION (A case study of S. I. O. and ALLIED INDUSTRIES LTD ASABA)

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