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Effectiveness Of Inventory Management In A Manufacturing Company
[A CASE STUDY OF AMA GREENFIELD BREWERIES PLC, ENUGU, NIGERIA]
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1.6 SIGNIFICANCE OF THE STUDY
The
significance of this study lies on the fact that with improved
inventory control and management in manufacturing companies, the
following persons may benefit from it:
It will be significant to
manufacturing companies, firms and businesses as it will enable them
keep an adequate inventory control and ensure that they do not run out
of stock or have excess stock which can endanger their liquidity
position. It will also help to meet consumer’s demands or quest. It is
also important to the government as it will help to reduce waste of
investment inventory. It will also help lecturers to really know the
importance of inventory control so that they will be able to impact it
on their students. This study will also reveal the relevant methods to
be used in preventing mismanagement; it will also improve stock control
which has led to the mismanagement and unproductively of materials.
1.7 SCOPE OF THE STUDY
This
research work on the effectiveness of inventory management in a
manufacturing company is focused on Ama Greenfield Breweries plc in
Enugu state.
1.8 LIMITATIONS OF THE STUDY
Some limitations and factors in this research study are as follows:-
i.
The time required for the research and the submission of this work is
very short and the researcher was unable to go through all manufacturing
companies.
ii. Financial constraints:-Finance which is the most important resource for this work was not readily available.
iii.
Limited exeat:-Due to the fact that exeat is very difficult to get in
school, proper research was not carried out and this affected the
integrity of the results achieved.
iv. Unco-operative attitudes of
some of my respondents:- The management of Ama Breweries prohibited its
employees from giving out information about the company to outsiders
without adequate permission from the management and even when this
permission was obtained at the long run, many vital information were not
revealed because they were regarded as the privacy of the company.
1.9 DEFINITION OF TERMS
INVENTORY:This
is a record of a business’ current assets. It can also be described as
the merchandise or supplies held or in transit at a particular point in
time.
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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---
