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EFFECTIVENESS OF INVENTORY MANAGEMENT
IN-A-MANUFACTURING-COMPANY
ABSTRACT
This study
examines the essence of effective inventories control and management to
manufacturing companies with particular emphasis on Ama Greenfield Breweries
plc. The aim of this study is to investigate and ascertain areas of lapses by
the company and offer effective ways and solutions in which the manufacturing
company can explore the services of inventory management to effect its
objectives. In carrying out this study, various research instruments such as
questionnaires and oral interview were used to collect data from respondents
and a research design was adopted with a sample size of 52. The statistical
tool used for this work is Chi-square. Based on the analysis, it was discovered
that inventory management plays a vital role in the manufacturing company. A
well functional inventory management following the recommendations can bring
about proper management thereby enhancing proper and effective production and
it will equally ensure the effective, efficient and adequate use of materials
and resources in the manufacturing company.
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
Inventory is
one of the resources that are managed by business organizations and it was
first recorded in 1601. The need for inventory control cannot be overemphasized
as it is a means for improving the performance of manufacturing industries.
Inventory can be defined as a record of a business current assets including
property owned, merchandise on hand and the value of work in progress and work
complete but not sold and it is classified as a current asset because it can be
turned into liquid cash within a short period of time. Inventory has created a
great impact on the profitability of the manufacturing firm which resulted to
the deep research of this topic. Effectiveness of inventory.
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