-
Importance Of Effective Stock Control In An Organisation
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
-
-
1.3 OBJECTIVE OF THE STUDY
Stocks
form up to 60% of the total resources of an organization. Since the
need for proper importance of effective stock control over the years,
importance of effective stock control have advance greatly and the use
of the most up-to-date, time and cost savings procedure will go long way
in enhancing stores service. Specifically, the researcher has the
following aims:
1. To determine the system/method of importance of effective stock controls in operation and its impact in the enterprises
2. To find out the contribution of adequate stores control procedures to the profitability of the enterprises.
1.4 RESEARCH QUESTION
One
importance thing a research of this nature needs to achieve is to prove
the subject matter of the study. It therefore becomes necessary to
formulate research questions on which the answer would be passed and are
as follows:
1. Does your organization achieve any advantage as a result of effective and efficient importance of effective stock control?
2. Does alternative substitute result to lack of stocks?
3. Does efficient and effective stock control reduces costs?
4. Does high lead time lead to stock out situations?
5. Does the percentage of total company expenditure represents investment in stock?
1.5 RESEARCH HYPOTHESIS
In
a bid to give this project the quality it deserves, the following
hypothesis are hereby formulated and which will be tested in chapter
four to ascertain their reasonableness.
HYPOTHESIS ONE
Ho: Stock level carried does not depend on the total cost
Hi: Stock level carried depends on the total cost
HYPOTHESIS TWO
Ho: Re-order level is not essential for making purchase decision
Hi: Re-order level is essential for making purchase decision.
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
-
ABSRACT - [ Total Page(s): 1 ]Importance of effective stock control is the activities of receipts and issues of the materials to be controlled. The study therefore started by introducing the theme of the project work, “importance of effective stock control in an organization†(A case study of eastern shop supermarket, Enugu).The researcher discussed the purpose, significance and limitations of the study in chapter one. In chapter two, the researcher discussed fully the historical background of the company in ques ... Continue reading---
