STOCK CONTROL: AN INDISPENSABLE TOOL FOR EFFECTIVE PERFORMANCE IN AN ORGANISATION A CASE STUDY OF BETA GLASS COMPANY PLC, UGHELLI

TABLE OF CONTENTS
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE: Introduction
1.1 Background of the study 1
1.2 Statement of the problem 1
1.3 Objective of the study 2
1.4 Research question 3
1.5 Significance of the study 3
1.6 Scope of the study 4
1.7 Limitation of the study 5
1.8 Definition of key terms 5
CHAPTER TWO: LITERATURES REVIEW
2.1 Historical Background 7
2.2 Nature and Classification of Stock (materials) 7
2.3 Budgeting and Material Planning 8
2.4 Purchasing Procedure 9
2.5 Material Storage 14
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research Design 19
3.2 Population and sample size 19
3.3 Sample Size 19
3.4 Sample techniques 20
3.5 Instrument of Data Collection 20
3.6 Validity of Instrument 20
3.7 Method of data collection 20
3.8 Statistical Method of Data Analysis 21
CHAPTER FOUR: DATA PRESENTATION AND ANAL
4.1 Data presentation and Analysis of Response 22
4.2 Analysis of data 22
4.3 Statement of Hypothesis 23
4.4 Summary of the Above Analysis 24
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary and Major Findings 25
5.2 Conclusion 26
5.3 Recommendation 27
5.4 Suggestion for further study 29
Reference 30
Appendix I (Research Questionnaire) 31

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study.

Stock is a system used in a firm’s investment in stock which involves recording and monitoring of stock level, forecasting future demands deciding when and how many to order to minimize overall cost associated with stock.
This emphasize as managerial area of responsibility which focuses production on material control, procurement quality control and stock handling. Stock control is thus essential and an activity that is concerned with efficient procurement and use of material for the attainment of predetermined corporate objectives.
The need for efficient stock control in the surface increasing cost of material due to information and over deteriorating economy cannot be over emphasized, stock constitutes and essential cost element of production in 2 large majorities of manufacturing industries, stock cost amount for about 65 percentage the total manufacturing cost of their finished goods.
Quite obviously, the objective of any business concern among others is maximization of profit, profit maximization is the result of optional and effect utilization at available financial and material resources. In essence, corporate success is increased profit as well as by exploiting opportunities sustained profitability.
Company’s procurement function because of paramount important with its outlay account for high production of total cost of manufacturing operating process, when a large range of diverse items are required, and tend to scare on unavailable at critical stage of the production cycle range of spare parts have to be obtained from important sources and their product cost fluctuation and their international trade barriers.