APPRAISAL OF INVENTORY CONTROL IN A MANUFACTURING COMPANY (A CASE STUDY OF SEVEN UP – BOTTLING COMPANY)

This research work examined the appraisal of inventory control in a manufacturing company of a case study m seven­-bottling company PLC, Lagos.

The finding after questionnaire were administered to the staff of seven up- bottling company PLC specifically accounts and warehousing department, showed that effective inventory control would not minimize total inventory costs in a manufacturing company and high inventory costs would not lead to a reduction in the profit of a manufacturing company.

However, solution and recommendations were proffered to the above identified problems to ensure a proper appraisal of inventory control in a manufacturing company in seven up-bottling company PLC, Lagos

TABLE OF CONTENTS

CHAPTER ONE

1.0    Introduction

1.1    Background to the Study

1.2    Statement of Problem

1.3    Objectives of the Study

1.4    Research Questions

1.5   Statement of Research Hypothesis

1.6    Significance of the Study

1.7    Scope of the Limitations of the study

1.8    Historical Background of Seven-up Bottling Company

1.9    Definition of Key Terms

CHAPTER TWO – Literature Review

2.0    Introduction

2.1    Meaning of Inventory Management

2.1    Control

2.2    Inventory Record Keeping Procedures

2.2.1 Bin Card

2.2.2 Materials Requisition Note

2.2.3 Materials Returned Note

2.2.4 Materials Transfer Note

2.3    Inventory Control Method

2.3.1 Perpetual Inventory Method

2.3.2 Periodic Inventory Method

2.3.3 Physical Inspection Inventory

2.3.4 Just-In-Time (JIT)

2.4    Inventory Costs

2.4.1 Holding Costs

2.4.2 Ordering Costs

2.4.3 Stock-Out Cost

2.4.4 Purchase Costs

2.5 Control of Stocks Levels

2.5.1 Maximum Stock Level

2.6.2 Minimum Stock Level

2.6.3 Re-order Level

2.6 Control Models

2.7.1.1 Economic Order Quantity (EOQ)

2.7    Economic Order Quantity

2.8    Analysis of Inventory Control System in Seven-up Bottling Company PLC.

2.8.1 Ordering Procedure

2.8.2 Receipt Procedure

2.8.3 Recording Procedure

2.8.4 Material Issues

2.8.5 Materials Returns

2.8.6 Stock Taking

CHAPTER THREE – Research Methodology

3.0    Introduction

3.1    Research Approach

3.2    Research Design

3.3    Restatement of Research Questions

3.4    Statement of Research Hypothesis

3.5    Population of Study

3.6    Sampling Techniques

3.7    Sample Size

3.8    Method of Data Collection

3.8.1 Question Design

3.9    Data Analysis Techniques

3.9.1 Chi-Square

3.9.2 Sample Percentage

3.10 Limitation of Methodology

CHAPTER FOUR – DATA PRESENTATION AND ANALYSIS

4.0    Introduction

4.1    Presentation and Analysis of Data

4.1.2 Table

4.1.3 Table

4.2    Inventory Cost Reduction

4.2.1 Table

4.2.3 Table

4.2.4 Table

4.3.1 Table

4.3.2 Table

4.4    Testing of Hypothesis

4.4.1 Chi-Square (x2) Method

4.4.1.1 Hypotheses Indicating Relevant Question in Questionnaire

4.5    Contingency Co-efficient

4.6    Research Finding

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS 5.1

Summary 5.2

Conclusion 5.2

Recommendations 5.2

Bibliography 5.2

Questionnaire