EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH)


Department Of Accounting


PAGES: 70
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00

EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH)  

CHAPTER ONE

GENERAL INTRODUCTION

INTRODUCTION

1.1 BACKGROUND OF THE STUDY: THE NATURE AND SCOPE OF STOCK MANAGEMENT.

The project brings to light the meaning and essentials of inventory management and how they may be used to improve the working capital of a business. Many business decisions can be taken only in respect of knowing the cost involved. Decision under the management of a company finance are basically those involving capital investment decisions on the one hand and short term decision on the other hand. While short-term decision incorporate within its framework, the concept of working capital long-term capital and cash flow generated from such capital investment are undoubtedly essential for maintaining the liquidity of the firm. Inventory management can assist in improving the working capital of a business by providing the data necessary to arrived at the best decisions. Obviously, there are many definitions as many authors will view it, these authors may view it from different perspective in attempt to justify their satisfactory among the various definitions are the following:

Inventory is the totality of those items of tangible property, which are held for sale in the ordinary course of business or held in the process of production, for such sales of currently been available for sale inventory is a general term describing goods which are normally held in house and store gang, the bulk of these goods are usually intend for use in connection” with production or operation activities. But the term inventories cover finished products awaiting dispatch to customers, scrap and package and purvey return to suppliers.

Inventories are caution to absorb planning errors and fluctuation in supply and demand to facilitate smooth production and marketing operation. It may be classified as raw materials, work-in-progress and finished goods.

Management: Among the various definitions are; Management is a social progress entailing a body of knowledge, about managing and managing  is the process of planning, organizing, directing, coordinating men, machines, and achievement of objectives”

“Herold” describe it as “the process of getting things done through people and with people”

E.I.F Breach” in his own opinion defined “management as social process entailing responsibilities for the effective and economics planning and regulation of the operations of their enterprise in fulfillment of s given purpose or task. With this we know that management is the body of knowledge about managing.

Therefore inventory management can be defined as the functions which include the development and administration of policies, system and procedure which will minimize total cost relating to inventory decision and related functions, such as purchasing, production, marketing service requirement etc.

Inventory management is almost the same in many organizations although, techniques adopted may differ according to business conditions. The top must carry out the basic functions management such as planning, organizing, staffing, controlling and directing which helps in policy making and establishment limits for keeping inventory.

The basic principles brings the stores of the company is the goods requisitions signed by authority concerned.

1.2 STATEMENT OF THE PROBLEM

It is no gain saying that the Nigerian economy is in stage where it is extremely difficult for most firms to survive so much that a high level of uncertainty pervades the business sector regarding the continuity of the future operation of the affected firms. Continuation of this trend does nothing but spells dooms as the collapse of most business concern is but a matter of time. No matter how well established or large a corporation’s capital based may be without due regard being paid to working capital there is a bound to be a resultant adverse effect on the operations of firm in question. The management of inventories is as importance for the company’s short term financial situation as the management of cash and again a balance has to be found.

1.3 JUSTIFICATION OF THE STUDY

The study will enable the management of the Nigerian Bottling Company to know whether to produce raw materials locally or to import.

It will also help the firm’s resource order to increase the shareholder’s wealth as in the theory of finance it will as well enlighten the entire management team and especially financial managers on the importance of effective planning, management and control of inventories so as improve the working capital of the company. 

The research work will also enable management to develop correction measures to reverse any unfavorably development in the management of company inventories

1.4 AIMS AND OBJECTIVE OF THE STUDY

The aims of the study is to highlight the various inventories and to examine inventory models and show how it can be use to improve working capital.

It also intended to examine the method of stock valuation with regard to Nigerian Bottling Company Ilorin Branch. 

The evaluation of the procurement procedure and method of inventory control adopted by NBC so as to give advice (Where necessary) to the management on some deficiency regarding its management of stock which may hinder the increment of its working capital.

To enlighten the public about the misconception it may hold against the company and to find out the benefit inventory control to the company.

To proffer suggestions to the company would be brought under control or at least minimized, reference to my visit and experience at NBC Ilorin.

To proper on the impact of effective inventory management in NBC

1.5 SCOPE AND LIMITATION OF THE STUDY

The field on inventory used in NBC can be classified as raw material, work in progress and finished goods.

However, in the course of the research, some limitations or constraints were encountered, staff did not rendered their maximum cooperation’s while some entertains the fear that, they might reveal confidential (top secrete) information about the company. This forced me to obtain permission from the assistant plant manager (APM) in written before the research could be fully executed.

Also, there were some problems of delay and a lot of the money was wasted in the process of going to the company to conduct the research.

Time constraint: Due to the time given for the research work. The research could not dedicated all of her time to carry out the research properly because of her academic obligation 

Finance: money is also a major problem as the researcher has limited amount to conduct the research.

1.6 ORGANIZATION AND PLAN OF THE STUDY. 

The study will be divided into five chapters, chapter one deal with the general introduction of the topic, background of the study, statement of problem, justification of the problem, aims and objective of the study, scope and limitation of the study of organization and plan to study, definition of accounting terms.

Chapter two focuses of the literature review introduction of concept, characteristics of inventory management, meaning and use of working capital, channel of source of inventory and reference.

Chapter three dealt with research methodology and data collection, historical background of the Nigerian Bottling Company, types of data collected, sampling method and methods of data collection and analysis.

While chapter four focuses on data presentation and analysis, analysis and interpretation of data inventory analysis and method of pricing, nature of stock planning and types of stock control.

Lastly, chapter five also focuses on the summary of the study and makes conclusion and recommendation for further study

CHAPTER TWO

LITERATURE REVIEW

2.1 MANAGEMENT OF INVENTORY

Managing inventory is a juggling act excessive stocks can place a heavy burden on the cash resources, of a business. Insufficient stocks can result in cost sales, delays for customers etc. inventory should not be hold for a long period before being sold.

Inventory management has been defined as the function which includes the development and administration of policies, system and procedure which will minimize total cost relative to inventory decision and related functions, such as purchasing, production, marketing service require etc. In Nigeria Bottling Company the management of inventory is the responsibility of the storekeeper that are provided with copies of vocabularies spare parts and catalogue, so that they can have a means of identifying requirement for example in NBC plc. Stores are coded in alphanumerical and the storekeeper relies monthly on his memory. A high inventory turnover ratio is good for businesses that sit on the self are no money granted. An increase in the ration can be a positive sign, indicating that management, expecting such increase is building up inventory ahead of time.

.



TYPE IN YOUR TOPIC OR KEYWORD AND CLICK SEARCH:

HOW TO GET THE COMPLETE PROJECT MATERIAL ON EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH)

  • * Click the green DOWNLOAD Button above

    * Select any option to get the complete project material instantly.

    * Chat our 24/7 customer service desk on WhatsApp# (+234) 0803-766-4978 and get your complete project material instantly.

    * All project materials on this website are well researched by professionals with high level of professionalism.


TESTIMONIES FROM OUR CLIENTS

Please feel free to carefully review some written and captured responses from our satisfied clients.


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."


  • Hilary Yusuf, United States International University Africa, Nairobi, Kenya.

    "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."


  • Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.

    "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."


  • Sampson, University of Nigeria, Nsukka.

    "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."


  • Cynthia, Akwa Ibom State University .

    "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."


  • Elizabeth, Obafemi Awolowo University

    "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."


  • Ali Olanrewaju, Lagos State University.

    "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."


  • Willie Ekereobong, University of Port Harcourt.

    "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"


  • Theressa, Igbinedion University.

    "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 5k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"


  • Joseph, Abia state Polytechnic.

    "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."


  • Christiana, Landmark University .

    "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"


  • Musa, Federal University of Technology Minna

    "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."


  • Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.

    "I was scared at first when I saw your website but I decided to risk my last 5k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."


  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.
    Thank you for choosing researchwap.com.

FREQUENTLY ASKED QUESTIONS

  • How can I get the complete project - EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH)

    Simply click on the DOWNLOAD green button above and follow the procedure stated.


    Is it a complete project work or just materials?

    Yes, it's a Complete Research Project material. i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data


    What if I want to change the case study for EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH), What can i do?

    Chat with Our 24/7 Customer Service Desk Now: WhatsApp# and you will be responded to Instantly


    How long does it take to get the complete project on EVALUATION OF THE IMPACT OF INVENTORY MANAGEMENT ON WORKING CAPITAL MANAGEMENT IN MANUFACTURING COMPANIES IN NIGERIA (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN BRANCH)?

    Depending on how fast your payment and details is acknowledged by us, you will get the complete project within 30 minutes. However, on a very good day you can still get it within 15 minutes!


    How will I get my complete project?

    The Complete Project Material will be Delivered via your Email Address in an MS Word document format


    Can I get my Complete Project through WhatsApp?

    Yes! We also send your Complete Research Project to your WhatsApp Number


    What if my Project Supervisor made some changes to a topic i picked from your website?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    Do you assist students with Assignment, Term Paper, Seminar and Project Proposal?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    What if i do not have any project topic idea yet?

    Don't Worry! We've Got Your Covered. Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.


    Why should I trust this website?

    We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "TOPNOTCH INFOTECH ENTERPRISE". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!


    I have a fresh topic that is not on your site. How do I go about it?

    Don't Worry, Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.



PROJECT DETAILS

PAGES: 70
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00




TYPE TOPIC OR KEYWORD AND CLICK SEARCH: