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Application Of Material Management Concept In Manufacturing Industry
[A case study of Okin biscuits Nigeria limited]
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The subject matter, 0kin Biscuit Industry will definitely find this research work very valuable especially in the areas of their store and purchasing activities. For instance, the problem of improper record keeping, stock outs, over and or under stocking, obsolescence or damage to inventories in the store, etc. With this research, the company shall find a lot of useful elements that will aid smooth inventory management. The supply department has through this research seen the need to affect highly sophisticated stock control and stock taking. All the fact uncovered in the course of carrying out the research shall help the company to improve on its store management.
The society as a whole will also find this research absolutely useful, professional purchasing personnel materials management students and other members of the public having interest in materials management can refers to the research both as an id to professional practices, examination purpose and in case of future researches.
1.3 SCOPE OF THE STUDY
This research work is based on material management of Okin biscuit industries.
The scope of this research work centers its attention on the core areas of application of materials management concept in manufacturing organization such as purchasing, storage, issuing etc.
It covers the review of literatures and textbooks and the research will give various definition of terminology used in the course of the project work. It also include the activities been carried out by the materials management and their importance to the organization. The project work will also review the survival fact of the research work on the organization and offers appropriate advice its contributions to every business as a whole.
1.4 LIMITATIONS AND CONSTRAINTS
The successful conduct of this research work has not by any means been an easy task. The researcher was faced with a lot of problems, which almost threatened the success of the research.
Firstly, in view of limited time for the submission of the research work, the researcher has limited the report to application of material management.
Also, lack of enough and adequate financial resources has made it quite impossible for the researcher to visit other similar companies scattered all over the country. Another problem faced by the researcher was the uncompromising attitude of the management of the firm to release for use some of the essential facts that would have been of good materials for this research study.
Finally, there was the problem of inadequate and up to date statistical in almost all department of the company that forms the subject.
1.5 OBJECTIVES of STUDY
The research work has been carried out to achieve very many noble objectives. One of the objectives is to pin-point areas where the majority of Nigerian manufacturing concerns are making a very big mistake by allowing their store operations to be handled by quack store personnel.
Another objective of the study is to find out from where the company at forms the subject matter get their supply of inventories.
Finally, the research study has the aim of making all profit-oriented organizations to realize how much is being lost daily as a result of non-recognition of the materials management function. In effect, the research work as an eye opener for all profit - conscious organizations to see materials
1.6 BRIEF HISTORY OF THE ORGANISATION
0kin Biscuit Industry Off a, was established in May 1978 by a patriotic businessmen, Chief Emmanuel 0. Adesoye, who is an indigene of Offa, in Offa Local Government Area then in response to the call to the Kwara State government calling on well meaning Kwarans to establish industries in the state
The company was incorporated in December 1979, under the Control of the Nigerian Customs and Excise Edict of 1969. “The manufacturer of biscuitâ€. The producing and sales started on 2nd June 1980. The company started with production of three varieties of biscuits namely Cabin Gem and Coaster in 1980, and other varieties like Short Cake, “Olomokulubu: were introduced.
The demand for 0km Biscuit industry out stripped supply machinery for the 2nd line of production plant was installed in 1982 to double the capacity of production. Production capacity was reduced in the following year, is as a result of import license, since major portion of raw materials were imported.
The adverse situation of foreign exchange during the following year forced many factors to close down for long period, but 0kin Biscuit Limited still survived through the capacity utilization had to reduce to a level of 25% to 30%. 0km Biscuit still has other branches of items like Okin Foams Limited, Okin Express and 0km Malt, which is presently under market testing and had staff strength of about 670 in which 70% are skilled workers.
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