IMPORTANCE OF EFFECTIVE STOCK CONTROL IN AN ORGANISATION

IMPORTANCE OF EFFECTIVE STOCK CONTROL IN AN ORGANIZATION

ABSTRACT

Importance of effective stock control is the activities of receipts and issues of the materials to be controlled. The study therefore started by introducing the theme of the project work, “importance of effective stock control in an organization” (A case study of eastern shop supermarket, Enugu).
The researcher discussed the purpose, significance and limitations of the study in chapter one. In chapter two, the researcher discussed fully the historical background of the company in question and had an indebt review of various contributions made by several authors on the subject matter in question. Chapter three brought the researcher to the research methodology. In chapter four, questionnaires were analyzed and interpreted using statistical data of percentages (%) method.
Finally, the researcher stated the summary, recommendation and conclusions in chapter five.

CHAPTER ONE

1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The study of importance of effective stock control in an organization is being confined to the operation of Eastern shop supermarket Enugu which deals in selling of drinks, kiddies, beverages, gift items e.t.c and even a section of fast food joint. The company was established in 1978 with it’s headquarter at No 92 Ogui road Enugu. It has its branches at Ontisha, Awka and some part of Enugu metropolis. The staff of Eastern shop supermarket is made up of both skilled and unskilled excluding disabled. The owner of this supermarket is Chief Okoye Isaac from Enuguu-ukwu in Anambra State. This supermarket is one of the oldest and best Supermarket in Enugu.
This being the case, it is therefore assumed that any fact derived or gotten from eastern shop supermarket will be a true representation of importance of effective stock control in an organization.

1.2 STATEMENT OF THE PROBLEMS
This study entitled “Importance of effective stock control in an organization” in Enugu State, A case study o eastern shop supermarket Enugu attempts to examine and understand the major problems involved in stock control and relate these problems to importance of effective stock control in the organization. These problems are:
1. To know the present importance of effective stock control measurement using eastern shop supermarket Enugu as a case study.
2. Examination of reasons for carrying stock
3. To study and understand the internal and external factor which influences stock policies and stock control
4. Correct determination of the value of stock
5. To consider and analyze the various system of importance of effective stock control for maintaining stock enterprises.
6. The problems that affect the effective implementation of the stock control methods

1.3 OBJECTIVE OF THE STUDY 
Stocks form up to 60% of the total resources of an organization. Since the need for proper importance of effective stock control over the years, importance of effective stock control have advance greatly and the use of the most up-to-date, time and cost savings procedure will go long way in enhancing stores service. Specifically, the researcher has the following aims:
1. To determine the system/method of importance of effective stock controls in operation and its impact in the enterprises
2. To find out the contribution of adequate stores control procedures to the profitability of the enterprises.

IMPORTANCE OF EFFECTIVE STOCK CONTROL IN AN ORGANIZATION