THE EVALUATION OF INVENTORY MANAGEMENT AS A TOOL FOR EFFECTIVE ORGANIZATION PRODUCTIVITY (A STUDY NIGERIA BREWERIES PLC LAGOS)

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ABSTRACT

This research work on “Evaluation of inventory management as a tool for effective organization productivity” is aimed at discovering and maintains the optimum level of investment in all types of inventories from raw materials and supplies to finished goods. The source of data for this work is the primary and secondary sources. The primary sources are made up of interview, questionnaire and personal observation, while secondary source include the text books, journals and magazines. In a bid to achieve the objectives of this work, an empirical survey was carried out and data collected were tabulated and analyzed using Chi-Square test technique. In the course of the investigation, it was discovered that the Nigeria Breweries Plc Lagos has a special inventory policy. Based on the findings, the application of inventory control system makes the firm to be more profitable and stable in their production. Finally I draw the conclusion that for one to have an appropriate stock one must not go under stock or over stocked. Based on the conclusion, the researcher recommended the following: the valuation used in the issue of material should be maintained. They should ensure that requisition is made from the appropriate sources were authorized by responsibly officer of the organization.

TABLE OF CONTENTS

Title page i

Approval page ii

Dedication iii

Acknowledgement iv

Abstract v

Table of contents vi

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study 1

1.2 Statement of the Problem 5

1.3 Purpose of the Study 6

1.4 Research Question 7

1.5 Significance of the Study 8

1.6 Scope and Limitation of the study 9

1.7 Definitions of Terms 10

CHAPTER TWO

LITERATURE REVIEW

2.1. Inventory Management 13

2.2 Inventory Evaluation 15

2.3 Summary of Literature Review 16

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Design of the Study 24

3.2 Area of the Study 24

3.3 Population of the study 24

3.4 Sampling Method used 25

3.5 Instrument for Data collection 25

3.6 Validity and Reliability of Measuring Instrument 26

3.7 Distribution and Retrieval of the Instrument 27

3.8 Method of Data Analysis 28

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1 Data Presentation and Interpretation 30

4.2 Analysis and Interpretations 37

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Summary of Findings 40

5.2 Conclusion 42

5.3 Recommendations 43

REFERENCES 46

APPENDIX ‘A’ 48

APPENDIX ‘B’ 49

APPENDIX ‘C’ 51

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THE EVALUATION OF INVENTORY MANAGEMENT AS A TOOL FOR EFFECTIVE ORGANIZATION PRODUCTIVITY (A STUDY NIGERIA BREWERIES PLC LAGOS)

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