INVENTORY MANAGEMENT IN A MANUFACTURE FIRM (CASE STUDY OF SEVEN – UP BOTTLING COMPANY PLC ABA )
This project is a case study of inventory management functions as it practiced in seven – up Bottling Company PLC Aba. The research is an in – depth study of the situation at the company, in face of the prevailing conditions of non – availability of raw materials, scarcity of funds and general economic uncertainties in the nation.Chapter one gives the background information and operational definition of terms used in the study. And also, the research hypothesis, which was later tested in chapter four, was disclosed in this chapter. Chapter two is a review of the basic concepts, theories and practices in the management of inventory. Chapter two also contained the definition of inventory management of and the existing benefits to inventory management.In chapter three, there was a discussion on the method used in collecting and analyzing data collected, which is actually presented and analyzed in chapter four. In chapter five, the concluding chapter, the findings were evaluated in the course of the project and made due recommendation such as the maintenance of optimum stock level in the company.
TABLE OF CONTENTS
Purpose of the study 13
Statement of problem 14
Research Hypothesis 15
Significance of the study 16
Scope and Limitations of the study 17
Definitions of terms 18
REVIEW OF RELATED LITERATURE
RESEARCH DESIGN AND METHODOLOGY
Study Area 50
Sources of Data 50
Methods of Investigation 51
PRESENTATION OF ANALYSIS OF DATA
Presentation and analysis data 54
Test of Hypothesis 82
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION 94
Inventory in some big organization constitute the largest item of working capital and it’s control is very essential. The management’s of inventory have always been essential function of financial managers and are increasingly becoming a specialist function.
It is important to recognize that a company’s inventory holding are essentially viewed as necessary evil. They are costly to maintain both the up working capital and also incurring what may be substantial expenses for the company in respect of storage e.g (Ware house, rent, security etc ) .
Items that can be grouped under inventory include raw materials, work in progress and finished goods. Raw material inventory constitute the item necessary for manufacturing companies product. These items of raw material as to the company dealing with are concentrates, sugar c02 and piet.