THE IMPORTANCE OF STOCK CONTROL IN A MANUFACTURING SECTOR A CASE STUDY OF ETERNIT LIMITED, SAPELE

ABSTRACT
This study was done to examine the importance of stock control in a manufacturing company. The study was carried out in Eternit Ltd Sapele, Delta State. The objective of the study was to consider some management practices in manufacturing companies to see how they affect stock control of a company. Chapter one dealt with the background, the objective, the significance, scope and limitation on the importance of stock control in manufacturing company. Chapter two dealt with a review of some related literature written on empirical studies. Chapter three dealt with the method adopted in collecting the data and the method adopted was through administering of questionnaire. Chapter four dealt with the result and findings based on the questionnaire administration to Eternit Ltd management staffs. Chapter five dealt with summary, findings, recommendations and conclusion. Some recommendations were made which if considered will go a long way to remedy the effect of mismanagement of stock of manufacturing companies.

TABLE OF CONTENTS
Title i
Approval ii
Dedication iii
Acknowledgement iv
Abstract vi
Table of contents vii
Chapter One – Introduction
1.1 Background of the study 1
1.2 Statement of problem 2
1.3 Objective of the study 3
1.4 Research Question 3
1.5 Significance of the study 4
1.7 Scope of the Study 5
1.8 Limitation of the Study 6
1.9 Definition of Terms 7
Chapter Two – Literature Review
2.1 Introduction 9
2.2 Maintenance and Repair/Operation (MRO) 10
2.3 Probability Model with Constant Lead Time 11
2.4 Purchasing Procedures 14
2.5 Material Storage 16
2.6 Storage System 19
2.7 Stock Level 20
2.8 Review of Related Empirical Studies 22
Chapter Three – Research methodology
3.1 Research design 24
3.2 Population of the Study 24
3.3 Sample Size and Sample Techniques 24
3.4 Research Instrument 25
3.5 Validation of Instrument 25
3.6 Reliability of the Instrument 25
3.7 Method of Data Collection 25
3.8 Method of Data Analysis 27
Chapter Four – Data Analysis and Presentation
4.1 Introduction 28
4.2 Presentation and Analysis of Research Question 28
4.3 Discussion of Findings 34
Chapter Five – Summary Conclusion and Recommendations
5.1 Summary of the Findings 36
5.2 Conclusion 37
5.3 Recommendation 37
Bibliography 38
Appendix 39
Questionnaire 40