THE EFFECT OF STOCK CONTROL PROFIT MAXIMISATION IN MANUFACTURING COMPANY

ABSTRACT  This project is centered on the importance of stock control and management in business organization to enable the research obtain relevant materials and information for the purpose of analysis and conclusion personals interviews and the use of questionnaire were employed together, information from various department in Nigerian Bottling Company Kaduna. The use of text books to review related literate was also employed. The study also evaluate the extent the company complies with accepted methods or (models) like economic order quantity, re-order level, safety stock etc. the essence of this study have been to study the problems. The researcher reveals that for erective control of stock, the company has a department solely responsible for inventory control thereby reducing the operational cost of the business. It also facilitate easy and maintenance of  all documents. It was also discovered that the company does not apply scientific method of economic order quantities to determine re-order level or quantities. Based on the findings, it was recommended that the organization should introduce the use of computer to enable it keep proper and up to date stock record at all times. It was recommended that the entire system should be made to involves all functional managers directly affected by the stock control system, will facilitate on understanding of the system and its effective implementations. 
TABLE OF CONTENT Title pagei Declaration ii Approval iii Dedication iv Acknowledgement v Abstract vii Table of content viii
CHAPTER ONE  1.0Introduction 1 1.1Background of the study1 1.2Statement of the problems5 1.3Objectives of the study 6 1.4Formulation of hypothesis 7 1.5Significance of the study7 1.6Scope of the study9 1.7Limitation of the study 9 1.8Historical background of the firm9 1.9Organizational structure of the study10 1.10Definition of terms 11
CHAPTER TWO 2.0Review of Related Literature 12 2.1Introduction 12 2.2Definition of Basic concept15 i.Stock Control 15 ii.Profit Maximization 18 iii.Manufacturing industry 24 2.3Necessity for holding stocks 26 2.4Authorization of stock issues 27 2.5Effects of over stocking and under stocking 30 2.6Advantages of efficient stock control systems32 2.7Setting up inventory control  32 2.8Inspection and receipt of incoming stock 34 2.9Responsibility for stock control35 2.10Economic order quantity (EOQ) 42 2.11The formula approach 42 2.12Requirement of material control method 48 2.13Training of store keepers.49
CHAPTER THREE  Research Methodology  3.1Introduction51 3.2Method of Data collection 51 3.3Problems of Data collection 52 3.4Types of data 53 i.Primary data 53 ii.Secondary data54 3.5Population of study 54 3.6The study sample 55 3.7Description of the questionnaire 55 3.8Research instruments 56 3.9Method of testing the hypothesis 57
CHAPTER FOUR  4.0Data presentation analysis and interpretation 58 4.1Introduction 58 4.2Presentation of data 58 4.3Analysis of data60 4.4Testing of hypothesis 67 4.5Summary of findings67
CHAPTER  FIVE 5.0Summary, Conclusion and Recommendation 71 5.1Summary of the study 71 5.2Conclusion and Recommendation72 5.3Recommendations concluding remark 73 Bibliography 75 Appendix I76