THE EVALUATION OF INVENTORY MANAGEMENT AS A TOOL FOR EFFECTIVE ORGANIZATION PRODUCTIVITY (A STUDY NIGERIA BREWERIES PLC LAGOS)

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ABSTRACT

This research work on “Evaluation of inventory management as a tool for effective organization productivity” is aimed at discovering and maintains the optimum level of investment in all types of inventories from raw materials and supplies to finished goods. The source of data for this work is the primary and secondary sources. The primary sources are made up of interview, questionnaire and personal observation, while secondary source include the text books, journals and magazines. In a bid to achieve the objectives of this work, an empirical survey was carried out and data collected were tabulated and analyzed using Chi-Square test technique. In the course of the investigation, it was discovered that the Nigeria Breweries Plc Lagos has a special inventory policy. Based on the findings, the application of inventory control system makes the firm to be more profitable and stable in their production. Finally I draw the conclusion that for one to have an appropriate stock one must not go under stock or over stocked. Based on the conclusion, the researcher recommended the following: the valuation used in the issue of material should be maintained. They should ensure that requisition is made from the appropriate sources were authorized by responsibly officer of the organization.

TABLE OF CONTENTS

Title pagei

Approval pageii

Dedicationiii

Acknowledgementiv

Abstract v

Table of contentsvi

CHAPTER ONE

INTRODUCTION

1.1Background of the Study1

1.2Statement of the Problem5

1.3Purpose of the Study 6

1.4Research Question7

1.5Significance of the Study8

1.6Scope and Limitation of the study9

1.7Definitions of Terms 10

CHAPTER TWO

LITERATURE REVIEW

2.1.Inventory Management13

2.2Inventory Evaluation15

2.3 Summary of Literature Review16

CHAPTER THREE

RESEARCH METHODOLOGY

3.1Design of the Study 24

3.2Area of the Study 24

3.3Population of the study24

3.4Sampling Method used25

3.5Instrument for Data collection25

3.6Validity and Reliability of Measuring Instrument 26

3.7Distribution and Retrieval of the Instrument27

3.8Method of Data Analysis28

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

4.1Data Presentation and Interpretation30

4.2Analysis and Interpretations37

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1Summary of Findings40

5.2Conclusion42

5.3Recommendations43

REFERENCES46

APPENDIX ‘A’48

APPENDIX ‘B’49

APPENDIX ‘C’51

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THE EVALUATION OF INVENTORY MANAGEMENT AS A TOOL FOR EFFECTIVE ORGANIZATION PRODUCTIVITY (A STUDY NIGERIA BREWERIES PLC LAGOS)

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