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Management In A Manufacturing Company
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CHAPTER FOUR
ANALYSIS OF DATA
4.0 Introduction
This chapter presents the result of the study carried out on the findings and analysis of the 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 units per production run
It also examines the inventory cost of saw materials using economic order quantity- £OQ model, the total inventory of finished products using economic order quantity-£OQ model, the total inventory of finished products using economic order quantity £OQ model and the cost saving effect of economic order quantity-£OQ model for the raw materials and finished goods.
4.1 Result and Analysts of Data
The following factors were established on the inventors management and control at seven up bottling company, Ilorin plant.
i. The company has an already prepared data swing estimated usage rate per week: from the company’s inventory records estimates and actual usage rate roughly correspond.
ii. The company does not keep record of calculation of canying cost and ordering cost However in consultation with the cost accountant, carrying costs were estimated as follow.
a. 12%ofinventoryofsugar
b. 7% of inventory of hydrated lime
c. 8% of inventory of concentrate
d. 1% of inventory of Accidimcant
iii. The company’s ordering cost include cost of making requisition, mailing telephone telex calls and transpo4alion
iv. The company does not set a specified standard as regards to the following requirement of its inventory control system.
a. Re-order level
b. Maximum stock level
c. Re-order quantity
v. Investigation revealed the company experience stock out because it usually place order on the required raw materials based on the level of demand for its products by its major distributors, however, the duration within which raw materials are supplied is significantly short and this does not give room to a prolonged idle labour hour in the production process.
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ABSRACT - [ Total Page(s): 1 ]WILL COME HERE SOON ... Continue reading---
LIST OF TABLES - [ Total Page(s): 1 ]LIST OF TABLE AND FIGURESFigure: 3.2. Corporate organization structure Table: 4.2 Material purchase and inventory cost for the year 2009 Table: 4.6 Production schedule and finished products inventory cost for the year 2009 ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTTitle page Certification Dedication Acknowledgment Table of contents List of table CHAPTER ONE1.1 Background of the study 1.2 Statement of research 1.3 Research objectives 1.4 Research question 1.5 Justification of study 1.6 Scope of the study 1.7 Historical background of the case study 1.8 Definitions of terms CHAPTER TWO LITERATURE REVIEW2.1 Concept of material management ... Continue reading---
CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONEINTRODUCTION1.1 Background to the StudyAs a manager in a manufacturing company. It a more necessary than ever to improve tire overall productivity of lire operation ‘while such improvement requires an integrated dint involving all functional areas of the facility specific actions are requited within each functional area one of the functional areas in a manufacturing operation that is critical in the overall productivity of the company is material management The material ma ... Continue reading---
CHAPTER TWO - [ Total Page(s): 6 ]Price nut Carter (2005) further stressed that the stock controls system is responsible for the correct establishment of stock levels for every item held in the store when these levels are being established certain basic operational factors have to be considered and then reflected in the final stock figure. These as follows:i. Storage capacity: This is the amount that can be held will be restricted by the actual physical capacity of the stores. Operation in sonar cases where a special store ... Continue reading---
CHAPTER THREE - [ Total Page(s): 3 ]CHAPTER THREERESEARCH METHODOLOGY3.1 IntroductionThis chapter makes an attempt to present the general procedure needed to carryout this study. It includes brief description of some key pots of this research such as the brief history of the company (Seven up Bottling Plc. Ilorin plant), population, sample, method of data collection and sampling techniques.3.2 Corporate Organization StructureF.C Financial controverE.S.M Engineering Service ManagerC.O.O Chief opera ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVE SUMMARY OF FINDINGS CONCLUSIONS AND RECOMMENDATIONS5. 1 Summary of Findings Material management has been defined as the total of all those tasks, function activities and routines which concerns the transfer of external materials and service into the organization and the administration of the same until they are consumed or used in the process of production operation or sales. After the analysis and interpretation in chapter four, evidence has s ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESMenlizer, W Keebler (2001) Business journal logistics Page 1-26,Bailey, and Farmer (2006) Purchasing principle and management 9th EditionTrans-Altantic publication onlineTooley, D.F (2001) Production control system and record 2nd Edition: London Gower pressRogger (2004) Management 3 Edition London, M&E handbook series, pitman.Orleckey J. (2000) Material requirement planning New York Mc Graw4lill on lineLyson (2006) Purchasing and supply chain. 7th Edition prentice hall onlineLancastcr. ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]WILL COME HERE SOON ... Continue reading---