THE SIGNIFICANCE OF STORES MANAGEMENT IN A MANUFACTURING ORGANISATION (A CASE STUDY OF DOYIN INVESTMENT PLC, ILORIN)

CHAPTER ONE

1.1    INTRODUCTION

          In developed countries, stores management is recognized as one of the most important links in growth of business organization. It contributes majority to profitability and financial stability of a business firm. In developing countries however, it is yet to make its fullest impact store management therefore, needs to brought home to decision makers in private, public and most especially manufacturing companies so that they can appreciate its significance (cost saving contributions) to so help the organization out in these times of recession.

          Stores management however, covers a great deals more than physical keeping of items in stores but also includes.

1.      Holding controlling and issuing of stock

2.      Control of all store house, stock yard and outside store units.

3.      Material handling function

4.      Quality control activities

5.      Training of store staff

6.      Clerical administration of stores operations etc.

          Store management therefore, mean keeping items in stock, ensuring that they are identifiable accessible, safeguarded and available to meet all demands without carrying unnecessary large stock.

1.2    HISTORICAL BACKGROUND OF THE CASE STUDY

          Doyin Investment Plc. located at Asa Dam Road, Ilorin, Kwara State is a member of Doyin group of companies, and the first manufacturing company in Nigeria. It was incorporated on 8^th October, 1984 with head office in Lagos, the company is operated by full blooded Nigerian.

          It is owned by courageous and experienced industrialist, prince (Dr) Samuel Adedoyin who had for many years been championing the indigenous technology backward integration using local materials.

Despite the economic downturn then, the factory metamorphosed tremendously from its one investment factory and pioneer staff strength of 40 resourcesfulness, sourcing by which Doyin Investment Plc. has been contributing and industrial revolution. The company consistently parried up with the existing multinational investment manufacturing companies in healthy competition towards enhancing the growth of the Nigerian economy. The company products include flash, wash shirt, super deal and his clean securer and vogue grand soap among others.

          Based on this, the company short into national and international fame and was awarded Nis (National Industry Standard) Certificate.

          The certificate was awarded to it by the standard organization of Nigeria as a mark to affirm that the company’s product can compete with others internationally.

          Apart from that, the company also provided employment opportunities to Nigeria who are suppliers manufactures, contractors,

transporters, distributors e.t.c presenting, it has an indigenous labour strength of about 1500 workers in different grades.

          The company given priority to industrial safety and good house keeping. Hence, sound wastes periodically cleared by sanitary inspectors form the Kwara State EnvironmentalProtection Agency. This generating revenue to the State Government.

          As a way of reaching the nooks and corners of the country the company has many sales deports scattered all over the federation. They include  Aba, Abeokuta, Benin, Enugun, Maiduguri, Ondo, Onitsha, Sokoto, Oyo e.t.c

1.3    ORGANIZATION STRUCTURE

          In the company’s organizational structure, authority flows from top ladder. The complexity and the fact the personnel changes are taking place constantly create the need for organizational chart and manual.