Effect of Inventory Management on Organizational Productivity
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ABSTRACT
This study will examine the effect of inventory management on organizational productivity [a case study of Unilever Nigeria plc].
The purpose of the study is to examine whether adequate arrangement are made for the purchase of inventory in an organization and critically appraise the effect of internal control system, inventory control system which is capable of preventing pilferage, obsolesce and waste among others.
Research questions will be selected for the study and research hypotheses will also be formulated to guide the study. They are inventory management in an organization does not result to minimum control materials, reduction of inventory in stock does not disrupt the production.
The distribution cycles, inventory control does not affect the effectiveness and efficiency of the organization, inventory management does not guarantee the availability of materials in the store and inventory control does not ensure that only relevant materials are kept in the store.
TABLE OF CONTENT
TITLE PAGE i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGEMENT iv
ABSTRACT v
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.4 RESEARCH QUESTIONS
1.5 FORMULATION OF HYPOTHESIS
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE OF THE STUDY
1.8 LIMITATION OF THE STUDY
1.9 OPERATIONAL DEFINATION OF TERMS
CHAPTER TWO
LITERATURE REVIEW
2.0 INTRODUCTION
2.1 CONCEPTUAL FRAMEWORK
2.2 THEORETICAL FRAMEWORK
2.3 EMPIRICAL FRAMEWORK
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 RESEARCH DESIGN
3.2 POPULATION OF THE STUDY
3.3 DETERMINATION OF SAMPLE SIZE
3.4 SAMPLING TECHNIQUES
3.5 METHODS OF DATA ANALYSIS
CHAPTER FOUR
DATA ANALYSIS AND PRESENTATION OF RESULT
4.0 INTRODUCTION
4.1 DISTRIBURTION AND COLLECTION OF QUESTIONNAIRE
4.2 TEST OF HYPOTHESIS
CHAPTER FIVE
SUMMARY OF THE FINDINGS CONCLUSION AND RECOMMENDATION
5.0 INTRODUCTION
5.1 SUMMARY OF FINDINGS
5.2 CONCLUSIONS
5.3 RECOMMENDATIONS
REFERENCES
QUESTIONNAIRE
INTRODUCTION
The effective and efficient functioning of a productive system requires the regular demand and supply of inventory at the input transformation and output phases of the production process.
Management is also seen as the effective and efficient utilization of resource for the achievement of organization objective to ensure the achievement of the objective there must be free flow of material, unencumbered at every stage of the production process.
In Nigeria today, there are many drugs production companies in the industry and they all source their raw materials from few of not the same market. With the present economic meltdown, the organization is after theses scare resources to produce their product.
Therefore the urgency for the effective and efficient management of inventory in the form of raw material, work in progress and finished good constitute a significant proportion of asset of most organization.
But why is it pertinent to keep an eye on these items on other words, why do we engage in inventory management?
REFERENCES
Akanji S.O and Olaegbe B.A (2002); “Research methodology practical Approach; Isolo Kenny-Key printing press.
Amaza D.C (1997). “The use of mathematic in inventory control (Nigerian Supply Management)”.
Banjoko S.A (1999); “production and operations management” (reveiwed) edition”), Lagos Sabin Publication.
Lucey T. (1985); “Inventory control, costing and instrumental manual” (second edition)”, Great Britain, Sports Ball a type.
Murray R.S (1992); “ Theory and problems of statistics, (2nd edition) Ogun,Ade-olu publication.
Ogunwunmi M.O (2001); “Introduction to Research method and data processing”, Ibadan Joytal printing press.
Okon S.B (1998); “Inventory control as a planning function in materials management system”, Ilaro, Ogun state, B-flex printing press
Pandey G Lantern (1978); “Accounting theory and practice”, New York, Macmillan Publication.
Schwartz David (1979); ”Introduction control to management principle practice and processes” New York, Harcourt Brave Jovanovich
