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Impact Of Efficient Inventory Control On Materials Management In An Organization
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1.6 SIGNIFICANCE OF THE STUDY
The
primary significance of this study is for fulfillment of the equipments
for the award of higher national Diploma (HND) in purchasing and
supply.
(1) To help and guild the younger ones on what to do when writing project or carrying ant research.
(2)
To guide industrial purchase to efficient of inventory control enable
them to obtain the “ best by which is the ultimate goal of the
purchasing fractureâ€
(3) Successful completion of the work will help to educate managers on how to ensure implementation of effective stock control.
(4)
Useful in ensuring efficiency in decision making which will enhance
efficiency in the utilization of resources in the materials management
activities.
(5) It helps organization unrest the charging demand
pattern by understanding the variables is stock control and how to
manipulate them in every situation, this possessing the sufficient group
of expertise in materials management which can be supplied in
production process.
(6) It make firms to know the essence of having the optimum level of stock at any particular period.
(7) The successful completion of this work will go a long way to help researchers to widen out it’s importance.
(8) It will also enable students who will be carrying out such related topics in future.
1.7 SCOPE OF THE STUDY
The
study on the impact of effective inventory control on the materials
management of a organization will focus on Rokana industries Plc, their
elements are the subject matter the techniques, reasons and the
importance of the topic under discuss will be elaborated in subsequent
chapters of this study.
1.8 LIMITATION OF THE STUDY
In limitation,
the financial carrying out this activity was a big problem. Obtain
relevant data information was another limiting factor as almost all the
required information obtained was sufficient.
The degree of time consumed at the expenses of lectures and other important assignments. This cannot be over emphasized.
Finally,
fiancé was constraint for the researcher. Normally, a considerable
amount of money for the gathering of information typing of manuscripts.
Difficulties
in securing some vital documents contain some valued information’s
relating to the subject matter of the researcher.
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ABSRACT - [ Total Page(s): 1 ]Inventory control requires high cost and investment commitments. In manufacturing company where inventories are handled the introduction of a well planned and effective system or means of controlling these inventories is necessary for profitability and accountability to both the management and shared holders of the company whose inertest, objectives was established must be protected. However, the researcher work will be treated in five chapters. Chapter one is the introduction of the work where ... Continue reading---
