THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES

92 PAGES (12907 WORDS) Accounting Project
ABSTRACT
As the topic states “The impact of effective inventory management in a hospitality industry” one will then assay that impromptu, manufacturing / hospitality industries, face a lot of inventory management problems. This is the around head of what the researcher tried to bring to force, to examine and analyze the possible causes to this problem.
The writer also defined the concept “Inventory management” and traced its origin and usage of methods applicable to its effective management. A step was also taken to suggest solutions by making constructive recommendations aimed at addressing the raised.
Some of the problems associated with inventory management are unavailability of raw materials; determination of optimum level of stock, as well as discrepancy between policy and practice in stock management.
In-depth research was conducted and the study retracted the need for management of inventory and its attendant benefits in chapter five.

TABLE OF CONTENTS
Preliminary section pages
Title page
Approval page
Dedication
Acknowledgement
Table of contents
List of tables
Abstract

CHAPTER ONE
1.0Introduction
1.1Background of the study
1.2Statement of problems
1.3Purpose of the study
1.4The scope of the study
1.5Research questions
1.6Research hypothesis
1.7Significance of the study
1.8Definition of terms

CHAPTER TWO
REVIEW OF LITERATURE
2.1Stock management and importance
2.2Economic order quantity
2.3Establishment of stock level
2.4Stock valuation method
2.5Summary of reviewed related literature

CHAPTER THREE
3.0Research methodology
3.1Research design
3.2Area of study
3.3Population of the study
3.4Sample and sampling procedure
3.5Instrument for data collection
3.6Validation of the instrument
3.7Reliability of the research instrument
3.8Method of data collection
3.9Method of data analysis

CHAPTER FOUR
4.0DATA PRESENTATION AND RESULTS
4.1Data presentation and results
4.2Summary of results

CHAPTER FIVE
DISCUSSION, IMPLICATION AND RECOMMENDATION
5.1Discussion of results
5.2Conclusion
5.3Implication of the research result
5.4Recommendation
5.5Suggestions for further research
5.6Limitation of the study
References
Appendices