Title page i

Certification ii

Dedication iii

Acknowledgement iv

Table of content  


1.1 Background of the study 1

1.2 Objective of the study 2

1.3 Problems of the study 3

1.4. Scope of the study 3

1.5 Limitation of the study 3

1.6 Historical background of the study 4

1.7 Definitions of operation terms 5

1.8 Significance of the study 8


2.0 Literature Review 9

2.1 Meaning and types of stock in an organization 9

2.2 Cost associated with inventory stock 11

2.3 Stock control in manufacturing sector 12

2.4 Purpose of stock control 13

2.5 Method of stock control 14

2.6 Stocking taking 14

2.7 Data processing 15

2.8 Data processing states reference 16


3.1 Mode of data collection 18

3.2 Show specimen of ledger 19

3.3 Research methodology 19

3.4 Method of data collection 20 

3.5 Research hypothesis 20


4.0 Presentation and data analysis 23


5.0 Summary 31

5.1 Conclusion 32

5.2 Recommendations of finding 32




Stock farms is one of the major factors of production in the manufacturing sectors as well as in service sector, it range between 40%-80% total cost in most production of service sector materials are needed for ensuring adequate production run. To achieve organization aims and objective proper stock control system must maintained the major responsibility of purchasing and planning into lower total cost and at the same maintains the quality. The material control in essential from the time of order up to the time of consumption of the purchased material.

The steps of materials are control therefore include the following:

⦁ Ordering the appropriate quality materials at reasonable lost after ascertaining minimum level ordering level economic ordering quality. Etc.

⦁ Receiving and strong the material in good environment

⦁ Issuing of material through appropriate authority and controlling the use.

⦁ Hence, material control of purchasing string and issuing of material so as to minimize both cost and wasted of material consequently. Then there is need for proper efficient stock control in the manufacturing company.

⦁ Proper and efficient stock control therefore requires the application of computer for the data processing. Computer application is the use of computer to solve specific problem at a very rapid rate or to accomplish a particular job for a computer user. The scope of computer application is wider it is subdivided into business science and other categories business application involves the processing of business administration data while scientific application involve complex mathematic calculation and other problem.


The specific aims and objective of the study are:

⦁ To study the stock control system losing adopted by the Nigeria Bottling Company.

⦁ To identify the effect of such practice on the achievement if the organization aims and objective.

⦁ To determine economic order quality (EOQ) for each of the visible item.

⦁ To relate the study with use of computer.


The procedure is accomplished with a great deal of time and energy because, it involve constant visit to Nigeria Bottling Company Plc Ilorin.

It needs be emphasized that the success of any research depend on the interview witness to respond when question are asleep. The observation and the interpretation of some of the company’s data had been made lay the company official because, original source of data where not available. This allow for miss interpretation.


The study covers stock control system as being maintained by store department of Nigeria Bottling Company Plc Ilorin.

It also cover all the existing annual method of stock control operation and computerized system and shown the suerioty in items of cost and management of the old and system.


The research work is limited by insufficient fund, time constrain wrong filling of questionnaire and epileptic power supply.

However effort has been made ensure that the above constrain do not effect and effective competition of this research work.


Nigeria Bottling Company is today Nigeria’s number one bottling of soft drink. Selling more than a million bottles per day. If figure which is still growing with the continuing expansion of the existing 16 plant with the opening of brand new plant in the various part of the federation fanta is by far, the number one best sellers in the orange segment and sprite the most widely sole lemon time in Nigeria, other product bottled by NBC includes Fanta, gold spot and limca.

The success of coca-cola has brought with it the development of sister industries all contributing to the growth of the Nigeria economy. The delta glass company in ughelli which supplier the millions of bottles required to keep a large company in operation and the crown product factory in ijebu-ode which manufacture the metal crown to seal the bottles. The Benin plastic company which make the plastic create for carrying the bottles.,

In addition are the trucks which are being assembled in Nigeria.

Nigeria Bottles Company is also the largest manufacturer of course used to carbonate employee over 6050. Nigeria in all field of the success of the whole operation.

Only the very best ingredients are used for making their product and sophisticated washing and filling equipment have been installed at all plant. Extremely high standard of hygiene and maintenance are in place of ensure that top quality product reach their customer safely.

The manufacturing process of coca-cola is based on a carefully pressured, combination of sugar, water and concentrate. The same standard is maintained through out the world.

Coca-cola is currently being bottled in Nigerian at Sokoto, Kano, Maiduguri, Jos, Abuja, Ilorin, Ibadan, Onitsha, Enugu, Owerri, Aba, Port-Harcourt, Ikeja and Ottan. The headquarter of NBC PLC is at Levant is building Idioro house Lagos.


There are various operational terms associated with stock control system it therefore necessary to define this at the onset for easy understanding later:

a) Stock: This denotes equality (value) of goods and stock held by a business it is any resources satisfy a future needs.

b) Stock management: This is part of operation management concerned with discovering and maintaining the optimum level of stock planning and stock control.

c) Maximum stock: This is a desirable level beyond which stock should not be allowed it rise.

d) Re-order level: This is the quantity level that automatically triggers a new order. It is the stock level which a further replacement order should be placed.

e) Lead time: This is the interval between placing and order receiving delivery in manufacturing. It is reveal to as the time interval between set up and action from the machines.

f) Stock up: when an item is required but in not available then three in a stock up that item.

g) Ruffer stock: an amount in excess how average inventory stock hold as a cursing against a stock out due to usage or uncertain of lead time.

h) Economic order quality (EOQ): This is the optimum stock level that is desirable for a firm. It is the inventory size that will result in the minimum total amount cost in inventory investment.

i) Ordering cost: This includes certain clerical cost in correct in preparing order delivery and materials cost such cost usually represent a fixed amount, for order placed regardless of the quality ordered.

j) Production costs: They are costs related to the size of the production cost the higher the inventory level. The lower are cost since higher stock level ensure longer production run with loss request setup lower total setup cost and lower delays.

k) Computer: Any machines that can accept data in a prepared from processing data and fully or give out the result of the processing in a specific format as information as known as computer.

l) Data: Data can be defined as a basic fact that goes into some processing or through some processing system as input Name, Age. Etc.

m) Processing: It is the used for the processing or operation that produce a meaningful information by collecting all items of data together and performing their to extract the required information them.

n) Information: It is some output generated from data processing system e.g. payroll or efficiency reports.

o) Hardware: It is the output part of the computer machine that can see with railed eye e.g. Key, board, mouse. Etc.

p) Software: This is part of a computer machine that are non-visible out functional part of the computer system internal program on the hard disk Ram and Rom.


The significance of this study is its ability to proffer to the problems of fraud.

Secondly, if exposes the students to information and builds them in the act research data and information collection and bold project writing.

Thirdly, serves as literature material to prospecting research for future. If serves as an alert to the regulation body of financial institution on that, if fraud is not urgently death  with if might just parallax the economy totally not spanning the business section, as they say a study in time series nine. The significance adds if depended upon as a source of possible solution to the problem of fraud.




Keith Lockyier (1999) stated that in a business organization, stock is also known as inventory of a business which is:

i. Held for sale of the ordinary course of business.

ii. In the forces of production for sales.

iii. Help for use in production of goods or service to be made available for sales.

From the above definition inventory in a manufacturing company are assets of a business which are help for use in production of a goods to make available for sales to the end inventory of Nigeria Bottling Company Plc include all raw materials used in the product such as: sugar concentrate etc. and of the finished product such as cola, fanta, orange, gold spot and so on.


Keith Lockvier (2000) stated that inventory is the tangible goods that are acquire for direct use for production. This inventory includes material acquire from natural source such as the iron-ore used by steel mill. Raw material may also include some production from other companies such as the cola; raw material should be contrasted with parts inventory which is the time often used for the inventory of replacement.

Materials are not directly in co-operated in the manufacturing process both are necessary for its successful operation is some time include in their raw material inventory.

However, they are more normally isolated separate account called factor, supplier, manufacturing supplier direct material.

Example include lubricating oil and dealing supplier this sometime called (work in progress) inventory include the product that in manufacturing the partially complete invented includes three (3) cost components.

i. Raw material

ii. Direct labor which is the cost of the labor used directly in the manufacturing of the product.

iii. Manufacturing (or factor) are heads, which are the cost other than the raw materials. And direct labor which is associated with the manufacturing process. Those cost include various manufacturing are head such as insurance utility and depreciation of the assets in the production activities.


This includes completed fracturing product that is availing sales the inventory include the same three cost component as the goods in process inventory. But all the costs are combined into a single complete unit cost.



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