Cost Benefit Analysis of Inventory Control in Nigeria Manufacturing Company (A Case Study of Unilever Brother Nigeria Limited, Kwara State)

TABLE OF CONTENT

Title Page                                                                  

Certification                                                               

Dedication                                                                 

Acknowledgement                                                       

Table of Content                                                         

CHAPTER ONE

INTRODUCTION                                                         

1.1      Background of the Study                                    

1.2      Statement of the Research Problem                       

1.3      Justification for the Study                                   

1.4      Objectives of the Study                                      

1.5      Scope of the Study                                            

1.6      Limitations of the Study                                     

1.7      Definition of Term                                             

CHAPTER TWO

LITERATURE REVIEW                                                  

2.1      Introduction                                                     

2.2      Inventory Defined                                             

2.3      Inventory Management and Control                     

2.4      Classification of Inventory                                  

2.5      Reason for Carrying Inventory                            

2.6      Inventory Models                                              

2.7      Inventory Policies                                             

2.8      Economic Production Quantity                             

2.9      Factor Affection EO AND EPQ, EDQ AND EPQ          

CHAPTER THREE

RESEARCH METHODOLOGY                                          

3.1      Profile of Uni-Lever Brother                                

3.2      Research Design                                               

3.3      Scope of the Data                                             

3.4      Source of Data                                                 

3.5      Data Collection Procedure                                  

3.6      Method of Data Analysis                                     

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1      Data Presentation And Analysis                           

4.2      Purchasing Policies                                            

4.3      Receiving Procedure                                          

4.4      Stock Control Policies                                        

4.5      Distribution Policies                                           

4.6      Warehouse Policies                                           

4.7      Tabulation of Data                                            

4.8      Cost Saving Effect of EPQ Model  on Finished Products      

4.9      Result of Finding                                                         

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1      Summary of Major Findings                      

5.2      Conclusion                                             

5.3      Recommendations                                   

REFERENCES                                         

CHAPTER ONE

INTRODUCTION

1.1      BACKGROUND OF THE STUDY

A critical review of the financial statement of most companies would review the substantial amount normally held on inventory. Inventory refers stock of items used within the production system or the operation of business coming among which are: raw materials, semi finished (working – in progress) and finished goods of a given company. Inventories are stack of goods that are maintained by a business in anticipation of some future demands such demands could be for products manufactured by the company or supplies used in the transformation process. In other words, investment are current asset and relate to a specific accounting period, their use should be as mush as possible, be regulated within the period to which  they relate. The type of inventories kept by a firm depends on the firm in question, the business operation, financial resources and other factors. Inventory control system must always maintain a sufficient amount of material and supply to meet the demand of the production unit being out of stock and item may course idle time and production re-scheduling management is the function in business of making decision and hence of what to determine and follow how resources are used and what is pro. It is a management responsibility to define the nature of organization. The availability and quality of those inventories, is therefore a parameter to determine their efficiency. Their investment in inventories is usually so high that proper and continuous reliance on them. The stock in an investment which repress out some equivalent amount in cash from which profit or margin is expected. However where the stock does not attract a profit due to the stock lying follows in the stock therefore this recognition of the afore said, that the topic is chosen.