3.3 Source and Method of Data Collection
The sources of relevant primary data wore the factor plant of Seven up Bottling Company substantial amounts of the data were extracted from the following sources.
i. Company’s account records
ii. The company’s production schedules
iii. The capacity sales force repair
iv. The audited account statement of the company
v. Conduction of market survey on raw materials used by company and finished product of tire company.
3.3.1 Sampling Procedure
The population fine this study includes staff in the population and quality control department not less than 5 years particularly. This population was specifically chosen to ensure that data collected were accurate relevant are dependable thereby making this study more effective and its result reliable.
3.3.2 Scope of Data
The raw materials that serve as input being used by the company for the manufacturing of its assorted products can be classified into core raw materials and packaging material.
A. The core raw material
i. Sugar
ii. Acciducant
iii. Concentrate
iv. Hydrated line
B. The packing materials is carton/crate
The company manufactures
i. Seven up 24 bottles in a create
ii. Mirinda orange 24 bottles in a create
iii. Mirinda 24 bottles in a create
iv. Pepsi 24 bottles in a create
v. Mountain dew 24 bottles in a create
3.3.3 Methods of Data Analysis
In the analysis of data collected for this study, it enumerates the findings and analysis of data collected, the procedures adopted by the company for the determination of optimal order size, optimal number of orders optimal time between orders and optimal number of unit per production fin.
The material cost of raw materials using economic order quality is examined £0 model of total inventory of finished product using economic order quantity £OQ model and the cost saving effect of economic order quantity -fOQ model for the raw materials and finished product