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Impact Of Stock-taking In An Organization
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1.6 SCOPE OF THE STUDY
Since
this study had reviewed the organization stock-taking in companies the
investigation carried out by the research covered only total oil Nigeria
limited, which was used as a case study. The major problem of social
research is that of conviction of the officials take as specimen.
However, one needs a lot of explanation and persuasion to get the
cooperation of such respondents. So, having death with the project and
assessed the extend of the work involved in the study, was confronted
with such problem ranging from lack of;
The result of this study many be of use of the following group of people;
1.
The result will be of help to unama paper mill to enable the
organization know the importance stock-taking and how its enhances the
profit of the organization.
2. It will help to better way of conducting stock-taking and has contributed the profit making of the organization.
3.
Finally, it is hope that the result obtain from this study shall be of
immense benefit to the government, and to the literate public who may
stumble on this work and this would discover how stock-taking enhance
profit making in an organization.
1.7 LIMITATION OF THE STUDY
One
of the major constraints of this study was lack of finance to go around
collecting data from the respondents in addition, some worker in the
organization were afraid to give accurate information for fear of
victimization again, it was not possible to go through all the documents
concerned because some documents were classified as “secret documentâ€
and therefore were meant for any other person’s consumption.
The researcher was disappointed to note the ere very fee books from which to draw reference.
1.8 DEFINITION OF TERMS
To
ensure a proper understanding of what the terms is all about, some
unfamiliar words to those who are not in the same field are defined as
they are appear in the project. This is also beneficial to those groups
of people who might make this study. Useful by way of making use of them
in future.
ORGANIZATIONAL PURCHASING
By definition, it is an
independent appraisal activities within an organization for the review
of purchasing, financial and other operation as a basic for service to
management.
The person who does the above job is know as organization purchasing.
AN AUDIT
It
is independent examination off, and expression of an opinion on the
financial statement of an enterprise by an appointed purchasing is
pursuance of that appointment and in compliance with any relevant
statutory obligation.
ORGANIZATIONAL CONTROL
It is the whole
system controls, financial and other wise establishment by management in
order to carry on the business of the enterprise in and orderly and
efficiently manner. Ensure adherence to management policy safeguard the
assets and secure as far as possible the completeness and accuracy of
the records.
STOCK-TAKING
It is the process which a country
checking of the price and physical quantities of good or item in the
store by selected officials of the organization.
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ABSRACT - [ Total Page(s): 1 ]An independent activity within an organization to review of purchasing and financial policies of the organization are fully implemented as well as malting policies and procedure guideline on stock-taking, account, financial, asset ands liabilities of the department.It has immensely helped in the management of the organization. Despite, there is also improvement in areas like decision making regarding the stock-taking and ensuring the completeness and accuracy of the organization book and other o ... Continue reading---
