NEED FOR EFFICIENT STOCK CONTROL IN A SMALL SCALE INDUSTRY

NEED FOR EFFICIENT STOCK CONTROL IN A SMALL SCALE INDUSTRY

ABSTRACT

This study was conducted to guide people mainly (firms and students) on effective stock control system in any organization like Nigeria Breweries Plc there is need for efficient stock control especially in manufacturing for the establishment to grow. The data of this project was collected through secondary source and personal interview and questionnaire (purchasing manager and other managers) from this work was gotten and it was analyzed.
With all this information the need for efficient stock control system in small scale industries like Nigeria Breweries Plc can be gotten from this project.

CHAPTER ONE

1.0 INTRODUCTION
1.1 BACKGROUND
Stores management is very closely linked with production and distribution and is a much neglected area of business study. Yet the stores function is a vital part of all industrial organization, public and private utility organization; and armed services, and it must be designed to suit the particular needs of the organization and its services.
The store keeping is set up in any concern to assist in the production of goods and services and no industrial unit or public undertaking of substantial size can be efficiently managed without it.
According to Uzor (2003 :1) defined a store as any space reserved and equipped for holding materials which are awaiting dispatch customers for further processing and final consumption. The storekeeping is therefore basically concerned with holding stock and for there to be an efficiency of storekeeping, there are things people would want to know, such things according to Uzor (2003,2006:11) are as follows.
1. To whom they are responsible
2. Whom is expected of them. Their duties
3. Who is responsible to them
4. Whether their efforts are appreciated
5. Whether they are or not performing the duties satisfactorily
Also according to be and Dobler (1996:30) they said that a understanding result is delay, idle time and lack of optimum use of storage facilities” it can also lead to less of customers and low profit.

1.2 STATEMENT OF THE PROBLEMS 
It is undisputable that most manufacturing industries fail as a resulting of storekeeping function inability to meet up their production activities. Most times there are so many problems encountered by manufacturing industries such as”
1. A lack of materials damage due to improper storage of items in the stores.
2. Work –in-progress lost due to stoppage in production process
3. Some organization view storekeeping as an irrelevant function in the organization, therefore the management have little or no knowledge of the activities going on in the store.
4. Organizations knowing fully that storekeeping function is more complex and technical in nature that it requires people with high intelligence to handle will go ahead to employ untrained and unqualified personnel.
5. organization also neglect to employ people with business experience who can deal effectively with other departments and also with outside suppliers due to their knowledge about both organization practices.

NEED FOR EFFICIENT STOCK CONTROL IN A SMALL SCALE INDUSTRY