User Guide before placing order for complete project topics and materials:

It is important that the researcher knows exactly what he is go to do so that I could be done effectively.Make sure you update any research work you purchased on our website. Do not copy word for word. Using our research is legal. Our aim is to provide project topics and materials for easy access to information and to reduce stress of moving from one book stop or library to another in the name of sourcing for one research textbook or research materials. We do not encourage any form of plagiarism. Our aim is to generate research project ideas for students. The contents of the project material provide will help students to generate new ideals. Every researcher must look around him in his immediate environment and beyond to improve the work. To order the below complete project materials, Make payment deposit or cash transfer into any of the following banks:

GTBANK

Account Name: Chi E-Concept Intl, Account Number: 0115939447

Other payment options

We accept cash deposit, cash transfer and Bitcoin.

Click on download to complete your order.Call or Whatsapp +23408063386834

CLICK HERE TO CHAT WITH OUR CUSTOMER SUPPORT TEAM ON WHATSAPP

ABSTRACT: This project is a case study of inventory management functions as it practiced in seven – up Bottling Company PLC Aba.The research is an in – depth study of the situation at the ompany, in face of the prevailing conditions of non – availability of raw materials, scarcity of funds and general economic uncertainties in the nation.Chapter one gives the background information and operational definition of terms used in the study. And also, the research hypothesis, which was later tested in chapter four, was disclosed in this chapter. Chapter two is a review of the basic concepts, theories and practices in the management of inventory. Chapter two also contained  the definition of inventory management of and the existing benefits to inventory management.In chapter three, there was a discussion on the method used in collecting and analyzing data collected, which is actually presented and analyzed in chapter four. In chapter five, the concluding chapter,  the findings were evaluated in the course of the project and made due recommendation such as the maintenance of optimum stock level in the company.

TABLE  OF CONTENTS

CHAPTER ONE

1. Introduction                                                                        1
2. Purpose of the study                                                         13
3. Statement of problem                                                      14
4.  Research Hypothesis                                                        15
5. Significance of the study                                      16
6. Scope and Limitations of the study                               17
7. Definitions of terms                                                           18

CHAPTER TWO

REVIEW OF RELATED LITERATURE

1. Definition                                                                 23
2. Benefits                                                                     42

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

1. Study Area                                                   50
2. Sources  of Data                                         50
3. Methods of Investigation                                     51

CHAPTER FOUR

PRESENTATION OF ANALYSIS OF DATA

1. Presentation and analysis data              54
2. Test of Hypothesis                                                 82

CHAPTER FIVE

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION                                                       94

1. Findings                                                                                94
2. Conclusion                                                               99

                                               

Bibliography                                                                        104

            Appendices                                                              106

 

CHAPTER ONE

1.1      INTRPDUCTION

            Inventory in some big organization constitute the largest item of working capital and it’s control is very essential. The management’s of inventory have always been essential function of financial managers and are increasingly becoming a specialist function.

            It is important to recognize that a company’s inventory holding are essentially viewed as necessary evil. They are costly to maintain both the up working capital and also incurring what may be substantial expenses for the company in respect of storage e.g (Ware house, rent, security etc ) .

            Items that can be grouped under inventory include raw materials, work in progress and finished goods. Raw material inventory constitute the item necessary for manufacturing companies product. These items of raw material as to the company dealing with are concentrates, sugar c02 and piet.

            Inventory work in progress constitutes the items of raw material inventory undergoing some process of production, which have not yet been completed. Inventory of finished goods are actual product, which the company manufactures for sale. These are seven –up pepsi – Cola and Savanna. It is apparent that the effective management of inventory is maintained to maximize cost of production. While the company will certainly have An objective of minimizing cost of production it will equally have other conflicting inventory objectives. These other objectives includes:

1. Avoidance of stock – out of raw materials through avoiding disruption of production of finished goods.
2. Avoidance of stock of finished goods thereby avoiding amongst other things;

• Loss of contribution of customer sales
• Need to buy emergency stocks when required at higher costs.
• Customer dissatisfaction

1. Taking advantage as far as possible of bulk quantity discount
2. Not placing too many separate orders with supplies since order cost will because correspondingly advantage of possible price advantage in the market. 

The fundamental questions to which answer are required are therefore

1. How many should the company order ?
2. When should the company order ?
3. How many should the company produce ?

Included in this chapter is the defiled discussion of the background information of the plant also an overview of the inventory management process in the company (seven – up Bottling Company Aba )

1. ORGANIZATIONAL STRUCTURE

There is a formal structure  with the plant manager as the head of the plant. He has  the responsibility of implementing corporate policies formulated at the top management level. He does this with the assistance of his supervisors and officer clerks.

1. THE ACCOUNTS DEPARTMENT

This section is headed by accountant who reports administratively to the managing director. He has under him the account supervisor who works in this section. The accountant interact with other departmental heads and he is a cosignatory to the final accounts. He helps the plant manager to monitor the actual level of inventory, sales and production through data made available to him by the sores, production and sales department as well as computation from within his own department. Such information help  the managing director to evaluate his performance against the manual budget.                                     

1. SALES DEPARTMENT

This is headed by the sales manager who monitors market trends. He is able to determine the level of where demand is outstripping production or where is a stock analysis made by reference to the different brands.

            His information is communicated to the production department through the managing director. The sales manager has as his subordinates the route supervisors, salesmen and helpers.    

1. PRODUCTION DEPARTMENT

The production department is headed by a production manager. He reports to the managing director and ensures that production is carried on smoothly and according to plan. As the major users department, he has to rare properly with the raw material store. There is quality control unit to ensure that the product meets the set standard.

1. MATERIALS MANAGEMENT FUNCTION INVENTORY POLICY

The management of inventory could only be achieved when accurate plans and schedules are implement. In all cases of planning adequate information are needed.

            The inventory policy of the SEVEN – UP BOTTLING COMPANYT PLC, ABA  can only be appreciated in the context of its maintain quality market share and profit. This implies that enough inventories should be  available for continuous production. This fact also determines the  level of inventory the company maintains. The major problem of the inventory policy of the company is in  the national economy it self. What happens in the pollicies and strategies of the company as a whole.     

 

1. STORES FUNCTION

The co0mpany has two sets of stores. The are the raw materials store and finished goods store the raw material store is headed by a store – keeper who is operationally under the officer of the production manager since most of his products are used by his department. However the store keeper is responsible directly to the managing director.

    &