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Importance Of Effective Stock Control In An Organisation
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1.6 SIGNIFICANCE OF THE STUDY
This
is important because it will bring the knowledge of organization the
numerous solutions to the problems being encountered by various stock
managers within the organization. The study will also help to produce
reliable costing information as regards to records of stock issues and
receipts.
If production and delivery of goods were instantaneous,
there would be no need for stock except as a ledger against price
charges. Therefore, stock must be maintained so that the customers may
be served immediately or at least quickly enough so that he or she does
not turn to another source.
1.7 SCOPE OF STUDY
The project writer
intends to focus the attention of this study specifically on stock
control function as practiced in an organization. The study will cover
the standard used in evaluating stocks.
Finally, the project writer
intends to make recommendations to help improve stock control and also
to carry out some explicit activities like reviewing of the past
relevance literatures and the testing of the hypothesis formed in order
to determine its validity.
1.8 LIMITATION OF THE STUDY
Infact,
there cannot be any successful research of this magnitude without
encountering some difficulties. This project work is surrounded by some
limitations, which indicated that it was not hitch free. The following
are some problems that was encountered in carrying out this research
work:
1. Difficulties in securing some of the vital documents
containing some valid information relating to the subject matter in the
research.
2. The lukewarm attitude of some officers who were supposed
to attend and give reasonable response, some failed to give
information.
3. The degree of time consumed
4. Finance was another constraint for the research
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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---
