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Impact Of Effective Stock Keeping And Control In An Organization
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1.2 STATEMENT OF THE PROBLEM
The
efficient of stock control in an organization is so vital in both large
and small firm upon the efficient of stock control. The researcher in
carrying out this research work were able to identify some problems that
hinder the progress of smooth control of stock in an organization. Some
of the these problems are identified below:
a. The method of sources
of information used in the organization in terms of checking the
control of stock is not encourage able in the sense it was done without
considering if the individual has the capacity.
b. Professional were
not employed in the purchasing departments and this makes the strategies
involved in the efficient control of stock not to the work or job were
not well trained.
C. The efficient stock control records are not properly kept and this makes managers/keeper to be very active.
d.
Another problem which hinders the progress of stock control in an
organization is the type of materials purchased by the procurement
manager. This implies that the material might be in a bad shape, thereby
stops the smooth running of the organization.
e. Finally, the stock
held in store for so long can cause a problem, in controlling the stock
in an organization. This means, the stocks are not supposed to be kept
in the stores for so long before they are dispatched to be they are
needed.
1.3 OBJECTIVE OF THE STUDY
Obviously, every organization
according to Carter (1982:31) has its own needs and requirements which
have to be met by its stock control system. However, if we look at the
stock control in terms of average medium size production and
distribution organization we will obtain a complete in selecting and
operating stock control methods, control of level of stocks, the stock
controller of the organization is seeking to achieve the following
fundamental objectives:
1. To stress on the importance of stock
control in an organization, thereby motivating the management to develop
interest on the stock control function.
2. To highlight on the need of employing young and energetic employees for the purpose of stock control operations.
3.
To lay emphasis on the importance of employing a workers of technical
know-how on the current advancement of technology example computer.
4.
Employing people with business experience knowledge for the purpose of
transacting effective with suppliers and other department in another
objectives.
5. To ensure there is efficient and effective stock control in the organization.
6. To control the inflow and outflow of the materials held in the organization.
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ABSRACT - [ Total Page(s): 1 ]The effect of stock control in an organization is so vital in both large and small firm whether in the public or private sector. Serious operational and financial breakdowns can result if a good stock control system is not operated by the stores. Every stock control system must be designed to meet the particular needs of the organization. Stock control is set up in any organization to assists in the production of goods and service and no substantial size can be efficiently manage without it. The ... Continue reading---
