Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

THE IMPACT OF EFFECTIVE INVENTORY MANAGEMENT IN NIGERIA COMPANIES

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 118 ::   Attributes: Data Analysis ::   3,733 people found this useful
Get the complete project »

Project Body:

ABSTRACT

This study examines the impact of effective inventory management in Nigerian companies with particular emphasis on beta glass plc and life flour mills. The aim of the study to determine to what extent the ineffective management of inventory has caused low productivity in Nigerian companies and to examine the extent to which insufficient inventory of finished goods cause loss of sales to the companies. In carrying out this study, Structured questionnaires were administered to 106 respondents randomly selected from the employees of Life Flour Mills, Sapele and Beta Glass Plc, Ughelli both in Delta State.Statistical tool used for this work is Chi-square and a research design was adopted with a sample size of the employees of the two companies. Based on the analysis, it was discovered that inventory management plays a vital role in the Nigerian companies. It was also discovered that inventory is the bedrock in the existence of any Nigerian company and effective management of inventory will lead to effective control of the organization. The researcher recommended that company should try by all means to adhere to inventory polices made. In order to ensure that the company adheres to inventory policies, under no circumstance should items of inventory be allowed to leave stores without proper requisition.

CHAPTER ONE

1.1

1.2     STATEMENT OF THE PROBLEM 
The problems seen in the course of this study are as follows:- 
i.        Ineffective management of inventory in some selected Nigerian companies. 
ii.       Loss of sales or business of the company as a result of insufficient inventories of finished goods. 
iii.      Low productivity in these companies as a result of poor inventories model used by the companies 
iv.      Poor management and control of inventories in Nigerian companies.

1.3     PURPOSE OF THE STUDY 
The major objective of this study is to determine of the effectiveness of inventory management in a manufacturing company. The specific objectives of this study are as follows:- 
i.        To determine to what extent the ineffective management of inventory has caused low productivity in Nigerian companies. 
ii.       To examine the extent to which insufficient inventory of finished goods cause loss of sales to the companies. 
iii.      To identify the degree to which poor inventory modern used by these companies has resulted to low productivity. 
iv.      To ascertain whether these companies has suffered from poor management and control of inventories.

1.4     RESEARCH QUESTIONS 
Research questions refer to the major questions to which the researcher seeks to provide answers during the course of the investigation (Olannye, 2006).
For the purpose of this research study, the following research questions are formulated: 
1.       Does effective inventory control ensure continuous production of goods in Nigerian companies? 
2.       What is the state of inventory management in Nigeria companies? 
3.       Has effective inventory control made a significant impact on Nigerian companies?

1.5     HYPOTHESES 
Based on the problems and objectives of this study, the following hypotheses are formulated for this research. 
HYPOTHESES I
Ho1:   There is no significant relationship between low productivity and poor inventories management. 
HYPOTESES II
Ho1:   There is no significant relationship between proper inventory policies and productivity in Nigerian companies.

1.6     SCOPE OF THE STUDY 
This research work is based on the impact of effective inventory management in Nigerian companies. It includes a general review of the practice of inventory management in Life flower mills, Sapele and Beta glass plc, Ughelli, both in Delta State. It has equally look at the level of sales and production cost. However, the nature, type and various factors, which influenced the size of inventories, were researched. Data and information will be gathered through questionnaires from the selected companies and will be used as fact for data presentation.

1.7      SIGNIFICANCE OF THE STUDY


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)
 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14332 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   11819 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7232 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8158 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7401 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6077 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good
View Other Reviews »

Paper Information

Format:ms word
Chapter:1-5
Pages:118
Attribute:Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives

Featured Posts