IMPACT OF INVENTORY MANAGEMENT AND CONTROL SYSTEM ON THE PERFORMANCE OF A MANUFACTURING COMPANY IN NIGERIA (A STUDY OF SIBA WATER COMPANY, IKOT EKPENE IKOT EKPENE, AKWA IBOM STATE)

IMPACT OF INVENTORY MANAGEMENT AND CONTROL SYSTEM ON THE PERFORMANCE OF A MANUFACTURING COMPANY IN NIGERIA (A STUDY OF SIBA WATER COMPANY, IKOT EKPENE IKOT EKPENE, AKWA IBOM STATE)

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TABLE OF CONTENTS

Title page     -        -        -        -        -        -        -        -        -        i

Declaration   -        -        -        -        -        -        -        -        -        ii

Certification  -        -        -        -        -        -        -        -        -        iii

Dedication    -        -        -        -        -        -        -        -        -        iv

Acknowledgements -        -        -        -        -        -        -        -        v

Table of contents              -        -        -        -        -        -        -        vi

List of tables and Figures   -        -        -        -        -        -        -        ix

Abstract       -        -        -        -        -        -        -        -          -       x

CHAPTER ONE: INTRODUCTION

1.1     Background of the Study    -        -        -        -        -        -        1

1.2     Statement of Problem       -        -        -        -        -        -        5

1.3     Objectives of the Study     -        -        -        -        -        -        6

1.4     Research Questions -        -        -        -        -        -        -        7

1.5     Research Hypotheses        -        -        -        -        -        -        7

1.6     Significance of the Study   -        -        -        -        -        -        8

1.7     Scope of the study  -        -        -        -        -        -        -        9

1.8     Limitations of the study              -        -        -        -        -        9       

1.9     Definition of Terms           -        -        -        -        -        -        10

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.0     Introduction  -        -        -        -        -        -        -        -        11

2.1     What is Inventory?  -        -        -        -        -        -        -        11

2.2     What are the aims of inventory Management in Organization? -       16

2.3     Types of Inventory Control System        -        -        -        -        17

2.3.1  The just –in –time (JIT) approach          -        -        -        -        17

2.3.2  The fixed order quality system               -        -        -        -        20

2.3.3  The cyclical provisioning or the fixed order interval system    -        22

2.3.4  The Material Requirements planning (MRP)       -        -        -        23

2.4     Importance of Inventory control in any manufacturing company      24

2.5     Kinds of costs associated with inventory          -        -        -        25

2.6     Stock checking and stock taking   -        -        -        -        -        29

2.6.1  Purpose of stocktaking                -        -        -        -        -        30

2.7     Objectives of inventory control    -        -        -        -        -        35

2.8     Requirement for effective inventory management        -        -        36

2.9     Methods of controlling issue of stock      -        -        -        -        40

2.10   Problems associated with control system                   -        -        -        41

2.11   The main objectives of stores control system    -        -        -        52

CHAPTER THREE: RESEARCH METHODOLOGY

3.0     Introduction  -        -        -        -        -        -        -        -        59

3.1     Research Design               -        -        -        -        -        -        59

3.2     Area of the Study              -        -        -        -        -        -        59

3.3     Sample and sampling techniques  -        -        -        -        -        59

3.4     Population of the study               -        -        -        -        -        60

3.5     Method of Data Analysis              -        -        -        -        -        71

3.6     Procedure for Data Collection      -        -        -        -        -        71

CHAPTER FOUR: PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

4.0     Introduction  -        -        -        -        -        -        -        -        63

4.1     Presentation of Data                   -        -        -        -        -        63

4.2     Data Analysis          -        -        -        -        -        -        -        -        64

4.3     Testing of Hypothesis                 -        -        -        -        -        66

4.4     Discussion and summary of findings                 -        -        -        70

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.0     Introduction  -        -        -        -        -        -        -        -        71

5.1     Summary                -        -        -        -        -        -        -        71

5.2     Conclusion    -        -        -        -        -        -        -        -        72

5.3     Recommendations   -        -        -        -        -        -        -        73

          REFERENCES

          Appendix

          Questionnaire


LIST OF TABLES

Table 2.1      -        -        -        -        -        -        -        -        -        55

Table 2.2      -        -        -        -        -        -        -        -        -        56

Table 2.3      -        -        -        -        -        -        -        -        -        56

Table 2.4      -        -        -        -        -        -        -        -        -        57

Table 2.5      -        -        -        -        -        -        -        -        -        57

Table 2.6      -        -        -        -        -        -        -        -        -        58

Table 3.1      -        -        -        -        -        -        -        -        -        61

Table 4.1      -        -        -        -        -        -        -        -        -        63

Table 4.2      -        -        -        -        -        -        -        -        -        64

Table 4.3      -        -        -        -        -        -        -        -        -        64

Table 4.4      -        -        -        -        -        -        -        -        -        65

Table 4.5      -        -        -        -        -        -        -        -        -        65

Table 4.6      -        -        -        -        -        -        -        -        -        66

Table 4.7      -        -        -        -        -        -        -        -        -        67

Table 4.8      -        -        -        -        -        -        -        -        -        68

Table 4.8      -        -        -        -        -        -        -        -        -        69


ABSTRACT

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