AN APPRAISAL OF INVENTORY MANAGEMENT AND CONTROL IN MANUFACTURING FIRMS. A STUDY OF NIGERIA BREWERIES AND UNILEVER PLC.
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
The research work titled “Appraisal of Inventory Management and Control in Manufacturing Firms”. The general objective of this study is to appraise inventory management and control in manufacturing firms of some selected manufacturing firms. The specific objectives are to: examine the effectiveness of the various tools and techniques (Economic order quantity and Economic Batch Quantity) used by manufacturing firms in inventory management and ascertain the extents to which inventory control contribute to profitability in manufacturing firms. This study adopted the ex-post factor and descriptive research design. This study is anchored on theory of Economic order quantity (Wilson EOQ). The area of the study is manufacturing firms’ precisely two manufacturing firms Nigeria Breweries and Unilever plc. The instruments used were main sources from both Primary data and Secondary data. The primary data was obtained using oral interview and properly structured questionnaire while the secondary data for the study were obtained mainly from textbooks, journals and internet articles. A simple percentage approach was employed to analyze the questionnaire while the hypothesis were tested using Regression Analysis at 5% level of significance. The analyses were performed using the Statistical Package for Social Sciences (SPSS) Version 20. The study found that the various tools and techniques of inventory management adopted in manufacturing firms are effective since the significance value (p-value) of 0.046 < 0.05. it further found that inventory control has contributed significantly to the net profit of manufacturing organization (Nigeria Breweries plc) with (p-value) of 0.005 is less than 0.05 while revise is the case of Unilever plc. It therefore recommended that manufacturing firms should diversify their inventory system to suit specific needs of production and at the same time ensure that maximum attention is paid to inventory management so as to avoid or reduce the amount of loss that would be gotten from damaged goods in inventory.
Related Project Materials
KNOWLEDGE AND PRACTICE OF COVID 19 AMONGST HEALTH WORKERS IN MADONNA UNIVERSITY TEACHING HOSPITAL
Background of the study
The Coronavirus (Covid-19) is a contagious sickness that causes respiratory inf...
THE EFFECTIVENESS OF ONLINE PORTFOLIOS IN SHOWCASING VOCATIONAL ACHIEVEMENTS
ABSTRACT: This study investigates the effectiveness of online portfolios in showcasing vocational achievements, examining their role in enhanc...
An examination of the economic roles of women in fishing communities in Andoni Local Government Area, Rivers State
Background of the study:
Women in fishing communities have traditionally played multifaceted roles that ex...
The Impact of Workplace Diversity on Team Performance in Access Bank Plc, Adamawa State
Background of the Study
Workplace diversity refers to the presence of employees from various backgrounds, including differences in race,...
THE ROLE OF FUND ACCOUNTANTS IN RISK ASSESSMENT AND MANAGEMENT
Abstract: THE ROLE OF FUND ACCOUNTANTS IN RISK ASSESSMENT AND MANAGEMENT
The primary objectives of this study are to: (1) analyze the cri...
An appraisal of global governance and its role in addressing global inequality: A study of the UN’s Sustainable Development Goals
Background of the Study:
Global governance mechanisms, particularly those embodied by the United Nations, play a crucial role in addressi...
THE PRACTICE OF STAFF SELECTION AND INDUCTION IN UNION BANK OF NIGERIA PLC
ABSTRACT
With the rapid development of today’s global market, organizations are continuously seeking ways to grow...
PREVALENCE OF GASTRO-INTESTINAL AND ECTO PARASITES OF GOATS AND SHEEP IN MAKURDI METROPOLIS
Abstract
This research work is limited to Makurdi (Wadata and North bank) in Benue State. All the sheep and goats from d...
An examination of the challenges faced by teachers in special education units in Ilorin West LGA, Kwara State
Background of the Study
Teachers in special education units play an indispensable role in delivering quality education to students wit...
Evaluation of Data-Driven University Admission Processes in Usmanu Danfodiyo University, Sokoto State
Background of the Study
University admission processes are fundamental to ensuring fair access to education and maintainin...
