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Impact of Inventory Control on the Performance of a Manufacturing Company (PDF)

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Description

– Impact of Inventory Control on the Performance of a Manufacturing Company  –

Download Impact of Inventory Control on the Performance of a Manufacturing Company. Management Studies students who are writing their projects can get this material to aid their research work.

Abstract

The purpose of this study is to establish the relationship between inventory control and is impact on the performance of manufacturing company in Akwa Ibom Sate basing of the following objectives; To determine the impact of inventory control on the performance of a manufacturing company in Akwa Ibom State.

To identity the degree to which poor inventory model used by the company has resulted to low productivity in the company to ascertain whether the company has suffered unfavorable impact from management and control of inventories , and to carry out the relationship between approaches of inventory control and financial performance of peacock paint.

The descriptive aspect of the research design was used in company performance establishing the performance and the analytical research design was used to establish relationship between inventory and performance.

The sample size of 30 was determine using Chi-square formula .data was both primary and secondary.

Primary data was collected by the use of questionnaire and secondary data was collected from report, journals and internet. Frequency table and graphs were worked out basing on the data entered into excel.

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 companies.

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. “Impact of Inventory Control on the Performance of Manufacturing Companies in Akwa Ibom State”.

Inventory plays a major role in the operation of many businesses and manufacturing companies. In manufacturing, inventories of raw materials allow companies to operate independently of their sources of supplies.

Day to day operation are not dependent on deliveries from supplies since stock of the necessary materials are maintained and used needed.

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