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Variety Reduction As A Tool For Effective Materials Control
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1.2 Statement of Problems
Among
the objectives of all private sector is to maximize profit and reduce
costs. These objectives can be achieved in material control aspect of
the organization by imploring a strategy that will help or ensure that
the number of types, sizes or grades of a product held in the
organization are not duplicated when purchased, this will help in
investing minimum cost on materials. But is quite unfortunate that these
objectives are rarely achieved as a result of non recognition of the
role of variety reduction in an organization as a tool for effective
material control.
Variety reduction is the process used to describe
standardization and simplification where different items that are
capable of performing the same function are carried in large quantities,
variety reduction is required but hardly did any organization take
cognizance of this vital function as a tool for effective material
control, as a result many organizations continue to hold materials,
parts, items that are similar and capable of performing the same
function this affect the material control unit of the organization
efficiency be holding excess stock.
Variety reduction helps to reduce
the number of varieties in the store, it also help to stipulate
suitability of purpose, reduce the stock held and its associated cost
another importance of variety reduction is to establish datum as a basis
for development, but despite all these importance of variety reduction
to an organization the researcher observed that most organization lost
foresight of this important function that required a proactive approach
for better control of materials held in an organization.
Also variety
reduction assist the organization in avoiding buying different types of
item that can serve the purpose, quicker and effective stock taking,
reduce obsolete, overhead cost, it also facilitate easier inspection due
to product uniformity and easier stock control and less storage space
required, in view of all these benefits of variety reduction to an
organization, the researcher observed that hardly can any organization
show a unit or professionals bestowed with the responsibility of
performing this vital function as a result many of these benefits are
not derived by organizations.
1.3 Objectives of the Study
The
purpose of embarking on this research work by the researcher is to
determine the effect of variety reduction on materials control.
Specifically, the research work is set out;
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To determine the areas covered by variety reduction in an organization
is, Nigeria Bottling Company Plc Kaduna.
- To determine stages of variety reduction that can facilitate the organization’s operational efficiency.
- To determine if the benefit of variety reduction can minimize cost in the organization.
- To determine if the reasons for variety reduction can improve quality production in the organization.
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To determine why variety reduction should be control
through the importance
attached to variety reduction.
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ABSRACT - [ Total Page(s): 1 ]This research study is based on variety reduction as a tool for effective material control, a case study of Nigeria Bottling Company Plc. To understand the research work better, efforts was made at the introductory stage to explain the general importance of variety reduction with special consideration being placed on company especially Nigeria Bottling Company Plc, Kaduna. Also the general problem was also emphasized on such non recognition of the role of variety reduction on storage of differen ... Continue reading---
