IMPACT OF INVENTORY VALUATION METHODS ON THE PROFITABILITY OF CHAMPIONS BREWERIES
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
The research work titled “impact of inventory valuation methods on the profitability of Champion Breweries Plc”. The general objective of this study is to appraise inventory management and control in manufacturing firm. 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 one manufacturing firm, Champion Breweries. 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 (Champion Breweries plc) with (p-value) of 0.005 is less than 0.05. 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
EFFECT OF AUTOMOBILE TECHNOLOGY ON ENTREPRENEUR FOR SUSTAINABLE DEVELOPMENT
1 Background of the study
Over the years there have been many definitions of&n...
AN ASSESSMENT OF THE DETERMINANTS OF BRAIN DRAIN IN NIGERIAN TERTIARY INSTITUTION
Background Of Study
In Nigerian universities, there is a prevalent issue known as brain drain. Brain dr...
WOMEN’S RIGHTS IN AFRICAN CONSTITUTIONS: A DESIDERATUM OR A MERE FEMINIST UTOPIAN AGENDA?
Background of the Study
I...
RADIO DRAMA AS A TOOL FOR SOCIAL CHANGE
ABSTRACT
Radio is considered to be a very powerful tool for engendering community empowerment due to its capacity...
A STUDY OF SALIVA AND CHEEK CELLS DNA EXTRACTION WITH THE USE OF HOUSEHOLD CHEMICALS
1.1 BACKGROUND OF THE STUDY
Genomic DNA is an essent...
FAMILY AND SOCIETY: A CASE STUDY OF THINGS FALL APART AND PURPLE HIBISCUS IN COMPARATIVE PERSPECTIVE
-
-
Background of the study
-
Many societies ha...
A STYLISTIC STUDY OF ADICHIE'S THE THINGS AROUND YOUR NECK AND PURPLE HIBISCUS.
Background to the Study
A lot of similarities exist in the...
KNOWLEDGE AND ATTITUDE OF UNDERGRADUATE STUDENTS TOWARDS HOMOSEXUALITY AND ITS IMPLICATION ON SOCIAL ADJUSTMENT (A STUDY OF CARITAS UNIVERSITY, AMORJI- NIKE, EMENE) ENUGU STATE
ABSTRACT
With civilization and urbanization on the increase in Nigeria today and also freedom from parents enjoyed by youths and students...
THE ROLE OF LISTERIA MONOCYTOGENES AND OTHER BACTERIA IN MENINGITIS AND SPONTANEOUS ABORTION IN SOME TOWNS IN NORTHERN NIGERIA
ABSTRACT
The involvement of Listeria monocytogenes in bacterial meningitis and spontaneous abortion in some towns in northern Nigeria was...
THE IMPACT OF PRICING STRATEGY ON SALES PERFORMANCE
Abstract
The study examined effect of pricing strategy on sales performance, a study of Unilever Nigeri...
