THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES

ABSTRACT
As the topic states “The impact of effective inventory management in a hospitality industry” one will then assay that impromptu, manufacturing / hospitality industries, face a lot of inventory management problems. This is the around head of what the researcher tried to bring to force, to examine and analyze the possible causes to this problem. The writer also defined the concept “Inventory management” and traced its origin and usage of methods applicable to its effective management. A step was also taken to suggest solutions by making constructive recommendations aimed at addressing the raised. Some of the problems associated with inventory management are unavailability of raw materials; determination of optimum level of stock, as well as discrepancy between policy and practice in stock management. In-depth research was conducted and the study retracted the need for management of inventory and its attendant benefits in chapter five.
TABLE OF CONTENTSPreliminary section pagesTitle pageApproval pageDedicationAcknowledgementTable of contentsList of tablesAbstract
CHAPTER ONE1.0Introduction1.1Background of the study1.2Statement of problems1.3Purpose of the study1.4The scope of the study1.5Research questions1.6Research hypothesis1.7Significance of the study1.8Definition of terms
CHAPTER TWOREVIEW OF LITERATURE2.1Stock management and importance2.2Economic order quantity2.3Establishment of stock level2.4Stock valuation method2.5Summary of reviewed related literature
CHAPTER THREE3.0Research methodology3.1Research design3.2Area of study3.3Population of the study3.4Sample and sampling procedure3.5Instrument for data collection3.6Validation of the instrument3.7Reliability of the research instrument3.8Method of data collection3.9Method of data analysis
CHAPTER FOUR4.0DATA PRESENTATION AND RESULTS4.1Data presentation and results4.2Summary of results
CHAPTER FIVEDISCUSSION, IMPLICATION AND RECOMMENDATION5.1Discussion of results5.2Conclusion5.3Implication of the research result5.4Recommendation5.5Suggestions for further research5.6Limitation of the studyReferencesAppendices