EFFECTIVE INVENTORY CONTROL AS A MEANS OF IMPROVING THE PROFITABILITY OF MANUFACTURING FIRM IN NIGERIA (A CASE STUDY OF EMENITE NIGERIA LIMITED, EMENE, ENUGU).

  • Type: Project
  • Department: Accounting
  • Project ID: ACC2632
  • Access Fee: ₦5,000 ($14)
  • Pages: 73 Pages
  • Format: Microsoft Word
  • Views: 853
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
1.0 INTRODUCTION 

1.1 BACKGROUND OF THE STUDY
Inventory control refers to the management function concerned with the acquisition, storage, handling and usage of inventory, so as to ensure availability of inventory when needed, provide adequate cushion for contingencies and denying maximum economic benefits and at the same time minimizing wastage and losses.
Independently, inventory purse can be defined as a quality of goods or maternal in the control of the enterprises and hold for a time in its relatively idle or unproductive state, awaiting its intended use or sale. It is equally identified as stock on hand at a given time.
Control is necessary so as to minimize cost and at the same time keep our services good enough so that an organization do not lose business. The control and maintenance of inventory is a problem that is common to organization in different sectors of the company. Inventory problems have proliferated as technological ability to produce good in greater quantities and at a factor rate. Cash invented in inventories could be used some where else for profit making, debt servicing on dividend distribution. Management is therefore  becoming increasingly aware that the overall efficiency of company’s operation is directly related to inventory situation existing within the company. The real problem therefore has been in the determination of inventory level at which many invested in the inventory will produce a rate of return higher than it would if it had been invested in some other areas of business. 







TABLE OF CONTENT

Title page - - - - - - - i
Certification - - - - - - - ii
Declaration - - - - - - - iii
Dedication - - - - - - - iv
Acknowledgement - - - - - - v
Table of contents - - - - - - vi

CHAPTER ONE:
1.0 Introduction - - - - - - 1
1.1 Background of the Study - - - - 1
1.2 Statement of Problem - - - - - 2
1.3 Formulation of Hypothesis - - - - 3
1.4 Objective of the Study - - - - - 5
1.5 Significance of the Study - - - - 6
1.7 Definitions of Terms - - - - - - 7

CHAPTER TWO
2.0 Review of Related Literature - - - 12
2.1 Introduction - - - - - - 12
2.2 Functions of Inventories - - - - 13
2.3 Costs Associated with Inventory - - - 16
2.4 Inventory Valuation Methods - - - 19
2.5 Nature of Inventory Control - - - - 21
2.6 Inventory control mechanisms/ Control - - 23
2.7 Inventory Flow Circle - - - - - 29
2.8 The Impact of Effective Inventory Control 
on Profitability of Firms - - - - 31 

CHAPTER THREE
3.0 Research Methodology - - - - 34
3.1 Introduction - - - - - - 34
3.2 Research Design - - - - - - 34
3.3 Instrumentation - - - - - - 35
3.4 Procedures for Data Collection - - - 36
3.5 Population of the Study - - - - 37
3.6 Determinations of Samples - - - - 38
3.7 Method of Statistical Analysis - - - 40

CHAPTER FOUR
4.0 Data Analysis and Design - - - - 44
4.1 Introduction - - - - - - 44
4.2 Analysis of Questionnaire Responses - - 45
4.3 Testing of Hypothesis - - - - - 45

CHAPTER FIVE 
5.0 Summary, Conclusion and Recommendation - 65
5.1 Summary of Study - - - - - 65
5.2 Conclusion of Study - - - -- - 65
5.3 Recommendations - - - - - 67
Bibliography - - - - - - - 70

EFFECTIVE INVENTORY CONTROL AS A MEANS OF IMPROVING THE PROFITABILITY OF MANUFACTURING FIRM IN NIGERIA (A CASE STUDY OF EMENITE NIGERIA LIMITED, EMENE, ENUGU).
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC2632
  • Access Fee: ₦5,000 ($14)
  • Pages: 73 Pages
  • Format: Microsoft Word
  • Views: 853
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2632
    Fee ₦5,000 ($14)
    No of Pages 73 Pages
    Format Microsoft Word

    Related Works

    1.0INTRODUCTION  1.1BACKGROUND OF THE STUDY Inventory control refers to the management function concerned with the acquisition, storage, handling and usage of inventory, so as to ensure availability of inventory when needed, provide adequate cushion for contingencies and denying maximum economic benefits and at the same time minimizing wastage... Continue Reading
    1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Inventory control refers to the management function concerned with the acquisition, storage, handling and usage of inventory, so as to ensure availability of inventory when needed, provide adequate cushion for contingencies and denying maximum economic benefits and at the same time minimizing wastage... Continue Reading
    (A CASE STUDY OF EMENITE NIGERIA LIMITED, EMENE, ENUGU) TABLE OF CONTENT CHAPTER ONE: 1.0 Introduction 1.1 Background of the Study 1.2 Statement of Problem - 1.3 Formulation of Hypothesis 1.4 Objective of the Study - 1.5 Significance of the Study... Continue Reading
    (A CASE STUDY OF EMENITE NIGERIA LIMITED, EMENE) TABLE OF CONTENT CHAPTER ONE: 1.0 Introduction 1.1 Background of the Study 1.2 Statement of Problem 1.3 Formulation of Hypothesis 1.4 Objective of the Study 1.5 Significance of the Study 1.7... Continue Reading
    INVENTORY CONTROL PROCEDURES IN MANUFACTURING ORGANIZATIONS (A CASE STUDY OF EMENITE LIMITED, EMENE) 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... Continue Reading
    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... Continue Reading
    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... Continue Reading
    INTRODUCTION It has become a well known fact that without money a business cannot function consequently an understanding of finance, which is the appreciation of the role of money and its ability to measure. The measure of a business is essential for good management. However, money can be likened to a lubricant, too little and the business is a... Continue Reading
    INTRODUCTION   It has become a well known fact that without money a business cannot function consequently an understanding of finance, which is the appreciation of the role of money and its ability to measure. The measure of a business is essential for good management. However, money can be likened to a lubricant, too little and the business is a... Continue Reading
    ABSTRACT  This research project is on effective inventory control as a means of improving and organizations performance. A case study of NBC Plc.  The research was prompted by the researchers believe of the indispensable role an inventory that is properly controlled can play in gearing up the profit of an organization in any given accounting... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us