STORE CODING AND MATERIAL IDENTIFICATION AND EFFECT ON STORE EFFICIENCY (A CASE STUDY OF NIGERIA BOTTLING COMPANY (NBC))

STORE CODING AND MATERIAL IDENTIFICATION AND EFFECT ON STORE EFFICIENCY (A CASE STUDY OF NIGERIA BOTTLING COMPANY (NBC))

Chapter I:

Introduction

1.1 Background of the Study

Store code and material identification has witnessed great transformation in recent times due to technological advancement. Consequently, the risk of store personel have become far easier, more efficient, cost effective and all major operations are executed with high level of accuracy. Store code and material identification is an aspect of store management that enjoys this transformation. The process of indexing, coding and sorting has improved significantly with computer system application across different purchasing organization. Materials brought into stores are immediately assigned system code and file names for easy identification. This is necessary to avoid problems of multiplicity of inappropriate or incorrect names assigned to materials. Invariable, the vocabulary of identification and coding are separate concepts that are independent and mutually exclusive. Although, it is possible to have a good vocabulary in an organization not using a coding system. Identification of material successfully in inventory management is greatly aided by a logical system of classification covering all inventory items for the purpose of code.

Identification is the process of systematically defining and describing all items in store. The preparation and maintenance of store vocabulary is essentially or technically efficient. Vocabulary lies with the stores managers and his team who is responsible for the managing efficiency. Vocabulary includes the development of a technical for ensuring that words describing the articles or materials are sequence of importance. Whether or not a code system is at use, this technique should be employed. An efficient code system assists the store personnel in the controlling of the stock and easy identification of materials without wasting time. And vocabulary on the other hand is the transfer to writing of the things which has been recognized. Unfortunately, the users from the various functions department tend to draft the description according to their use of the items. In this research work, an attempt is made to determine the harzards in preparing a vocabulary. Code or store catalogue and its effect on store efficiency of NBC Nigeria Plc.

STORE CODING AND MATERIAL IDENTIFICATION AND EFFECT ON STORE EFFICIENCY (A CASE STUDY OF NIGERIA BOTTLING COMPANY (NBC))