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Production Planning And Inventory Control In Manufacturing Company
[A CASE STUDY OF TUYIL PHAMARCEUTICAL INDUSTRY LIMITED ILORIN]
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1.2 OBJECTIVE OF THE STUDY
This study is being carried out to achieve the following objectives.
i. To examine the problems that production department
ii. To analyze how effectively and efficiently the company utilizes the resources at its disposal.
iii. To analyze how inventory should be controlled in order to guide against stock out so as to meet production level.
Therefore all these will be examined so as to formulated the best model for the operation of manufacturing company in Nigeria with particular reference to TUYIL PHARMACEUTICAL INDUSTRY LIMITED, ILORIN
1.3 SIGNIFICANCE OF THE STUDY
Upon the completion of the study, the benefits listed below are expected to be derived.
- The study will add to the research previously down these probe areas.
- To identify the challenges faced by production personnel in the course of manufacturing the desire output
- To achieve a smooth and economical operation of the production distribution system.
- The study will finally educate organization and the general public on the importance of production planning and inventory control.
1.4 SCOPE OF THE STUDY
The research study will specifically focused on the production process ways in which the company manages its inventory system to enhanced continuity and all other activities involve in the conversion process till where finished products are stores in readiness for dispatch to customer.
1.5 DEFINITION OF TERMS
This study is divided into five chapter control which the first chapter focused on the introductory aspect discussing relevant section such as statement of research problem, importance of the study, the objective and limitation of the study.
Chapter two focused on the review of relevant literature on the topic i.e it consider views of diffeent authors on production planning and inventory control, role of inventory control, production system and its types and also reasons for carrying out inventory was looked into.
Inventory control method of cost of inventory is also elaborated. Also, different method of material sprcing are also discussed.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACT The purpose of writing this project is for the partial fulfillment of the requirement for the award of higher National Diploma in Business Administration and management. This research project is aimed to exaime production planning and inventory control in manufacturing company using TUYIL pharmaceutical industry limited, Ilorin as a case study. This study is divided into five chapter controls which the first chapter focused on the introductory aspect discussing relevant sections s ... Continue reading---
