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Effectiveness Of Inventory Management In A Manufacturing Company
[A CASE STUDY OF AMA GREENFIELD BREWERIES PLC, ENUGU, NIGERIA]
CHAPTER ONE -- [Total Page(s) 4]
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1.2 STATEMENT OF THE PROBLEM
The problems seen in the course of this study are as follows:-
i. Ineffective management of inventory in the manufacturing company specifically Ama Greenfield Breweries.
ii. Loss of sales or business of the company as a result of insufficient inventories of finished goods.
iii. Low productivity in the manufacturing company as a result of poor inventories model used by the company
iv. Poor management and control of inventories in the manufacturing company.
1.3 OBJECTIVE OF THE STUDY
The
major objective of this study is to determine of the effectiveness of
inventory management in a manufacturing company. The specific objectives
of this study are as follows:-
i. To determine to what extent the
ineffective management of inventory in Ama Breweries plc has caused low
productivity in the company.
ii. To examine the extent to which insufficient inventory of finished goods cause loss of sales to the company.
iii. To identify the degree to which poor inventory modern used by the company has resulted to low productivity in the company.
iv. To ascertain whether the company has suffered from poor management and control of inventories.
1.4 TEST OF HYPOTHESES
Based on the problems and objectives of this study, the following hypotheses are formulated for this research.
Ho: There is no significant relationship between low productivity and poor inventories management.
H1: There is a significant relationship between low productivity and poor inventories management.
Ho: There is no significant relationship between proper inventory policies and productivity in a manufacturing company.
H2: There is a significant relationship between proper inventory policies and productivity in a manufacturing company.
1.5 RESEARCH QUESTIONS
For the purpose of this research study, the following research questions were formulated:
1. Does effective inventory control ensure continuous production of goods in Ama Breweries?
2. What is the state of inventory management in the Nigerian manufacturing company especially Ama Breweries plc?
3. Has effective inventory control made a significant impact on the manufacturing company?
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study examines the essence of effective inventories control and management to manufacturing companies with particular emphasis on Ama Greenfield Breweries plc. The aim of this study is to investigate and ascertain areas of lapses by the company and offer effective ways and solutions in which the manufacturing company can explore the services of inventory management to effect its objectives. In carrying out this study, various research instruments such as questionnaires and oral inte ... Continue reading---
