THE IMPACT OF INVENTORY MANAGEMENT AND CONTROL IN TOWER GALVANIZED PRODUCT LIMITED KADUNA

ABSTRACT This research work is an attempt to look into the impact of inventory management and control in manufacturing company. It was conducted using Tower Galvanized Products (GTP) Ltd Kaduna. The research work was carried out with the intention of examining the pit falls of manufacturing companies in carrying out necessary management and control of their inventories. For this purpose the study was divided into five chapters. Chapter one introduced the research topic, the objective of the study was also define which include to access and highlight the different methods of inventory, planning and reeducation and the most appropriate one. Chapter two was concerned with the review of related literature and points like objectives of inventory management which include to maintain minimum investment in inventories to maximize profitability were discussed. Chapter three dealt with the methodology used in collecting data. In this chapter the random sampling technique was adopted and questionnaire were used to collect the data. Chapter four has to do with the analysis of the various data collected using the mean. In chapter five, summary of the research work was don and conclusion were drawn to give recommendations in that a manufacturing companies with a view to profit maximization and cost reduction should adopt and maintain an effective inventory management and control system    TABLE OF CONTENTS Title page i Declaration pageii Approval pageiii Dedication iv Acknowledgement v Abstract vii Table of contents viii
CHAPTER ONE  Introduction  1.1Background of Study 1 1.2Statement of the Problem 4 1.3Objective of the Study 6 1.4Significance of Study 7 1.5Research Questions8 1.6Scope of the Study 8 1.7Limitation of the Study 9 1.8Definition of terms9
CHAPTER TWO  Literature Review 2.1Introduction11  2.2   The Concept of Inventory Management 12 2.3The Nature of Inventory 14 2.4Motive for Holding Inventory 16 2.5Objective of Inventory Management20 2.6Techniques of inventory Management and Control 22 2.7Economic Order Quantity Model23 2.8Inventory Records 31 2.9Inventory Valuation Methods 35 2.10Inventory Ordering System 38 2.11The Impact of Computer Application on Inventory Management and control41
CHAPTER THREE  Research methodology  3.1Introduction 44 3.2Research Design 44 3.3Area of Study45 3.4Population of the Study 45 3.5Sample 45 3.6Instrument for Data Collection 46 3.7Validity of the Instrument47 3.8Reliability of the Instrument47 3.9Methods of Data Collection 48 3.10Methods of Data Analysis48   
CHAPTER FOUR  Data Presentation and Analysis 4.1Introduction 50 4.2Characteristics of respondents 50 4.3Presentation of Data and Analysis in Tables 54 4.4Summary of findings 61 4.5Discussion of Findings. 63
CHAPTER FIVE  Summary, Conclusion and Recommendations 5.1Summary 66 5.2Conclusion67 5.3Recommendations 69 Bibliography72 Appendixes