NEED FOR THE APPLICATION OF COMPUTER IN THE INVENTORY CONTROL

NEED FOR THE APPLICATION OF COMPUTER IN THE INVENTORY CONTROL

ABSTRACT

The topic, the need for the application of computer in inventory control has chosen in other to bring into focus the explicit importance of computerization system in any business environment and contribution it makes to organization. Chapter one embraces the introduction, background of the research question, hypothesis, scope and limitation of the study. Chapter two deals with the literature review and the meaning of computer, characteristics computers composition of computer, meaning of inventory, the effective use of computer, the need for the application of computer in inventory control, the role of computer in inventory control, the benefit of computer in inventory control, the problems of computer in inventory control. Chapter three emphasize on research methodology, introduction, research design, questionnaire, sample and selection of respondents, other methods used, its techniques. Observation, data sources which include the primary and secondary sources and data analysis method. Chapter four also emphasis on data presentation and analysis, testing of hypothesis, decision rule and discussion on major findings. Chapter five which is the last chapter of this research work refers to summary, conclusion, and recommendation of the project in a simplest form.

CHAPTER ONE

1.1 INTRODUCTION
Some years ago, there has been some controversy about what entails the need for the application of computer in inventory control. The world of computer is basically a friendly one, and no special credential is needed to become part of it, while its true that modern computer system involves complex technologies and theories, their use is becoming easier all the time. Computer have a general purpose nature which makes them endless versatile.
These controversies arose among planners, students those who recognized the need for the application of computer in the inventory control management have concluded that it has been in existence since the evolution of man and witnessed a remarkable development of data processing equipment used in aiding the recording analysis and reporting of information in the operation of complex business system lenders and fearon (1997:102).
The areas in which the application of computer in inventory have helps organized includes
1 Formally converting the manual system into a computer system and this lead to efficient operations and many procurement organisations are now using computer systems.
With the help of computer thousands of requisition are received and processed daily, many request for quotations are sent out to suppliers, and mainly also received from them and also analyzed the volume of work involve in inventory control is large and required computer application to make it fast and easier to manage.
* The application of computer system in inventory control is to ensure that immediate availability of much more complete data for use in making purchasing and related material decisions because of its speed.

1.2 STATEMENT OF PROBLEM
The statement of problems is to reveal the problems to be investigated by the researcher. Sometimes the problems is elaborated in the form of a brief discussion explaining why, and how the phenomenon is considered to be a problem.
Mean while any mistake at the first step will lead to committing first degree error that is selecting wrong problems. And this will result to subsequence mistake and errors.
Because generally al lot of private and public establishment are yet to recognized the need for the application of computer in their inventory controls.
1 This problems include the followings
Some organization like Nigeria bottling company Owerri plant do not make use of computer controlling their inventory because of the high cost involved in the installation of computer systems
2 A major break down of the computer can obstruct the inventory control of the organisation
3 Some times the application of computer in controlling inventory do not reduce cost and time waited and volume of work that is involved in the organization
4 Most organisation or companies do not appreciate the need for the application of computer in their inventory controls.
5 Due to the high cost involve in the training of staffs in the application of computer in their inventory control, most organisations do not empower their workers in information communication technology (ICT)

NEED FOR THE APPLICATION OF COMPUTER IN THE INVENTORY CONTROL