ABSTRACT
In modern times, there is need for manufacturing industries to keel proper account of inventory or stock level held by such companies. This is to enhance the efficiency in productivity. However, we could ask the question, what is inventory? Inventory would be defined as the item of property held as a stock by a firm, including finished goods held for sales, goods that will be consumed in the process of producing goods to be sold in business. The aim of this study is to highlight the inventory model to be adopted in the better management of inventory. It is also to investigate the effectiveness of inventory management and control and to examine the method of stock valuation with particular references to Nigeria Bottling company plc owerri plant.
It has been observed that out of many economic factors decreasing the production of goods and services are lack of adequate inventory control. To this effect, this report has gone a long way to suggest and recommend to all productive firms on how to improve on their inventory control in order to the present economic situation of our country. The justification for this study arises from the observation of rampart winding-up o f our industries and constant time to time production hold-up in our firms.
Although many people has suggested many other factors, such as the following, lack of capital inflation, poor educational and technical know-how, frauds and less demand of goods produced as a result of poverty. In conjunction with all these factors, this research shows that poor control of inventor contributes to about 50% of production failure in our firms. Meanwhile, this research has a view of controlling parameters which includes the maximum level of inventory, minimum level of inventory, Re-order level, Re-order quantity delivery period etc.
TABLES OF CONTENT
Cover page i
Front page ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vi
Table of contents vii
CHAPTER ONE
CHAPTER TWO
2.5 Monetary policies 27
2.6 The management of external reserves 28
CHAPTER THREE
CHAPTER FOUR
CHAPTER FIVE
Bibliography 52
Appendix 53
Questionnaire 54
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