The examination of the role of inventory management is the sole aim of this project work. To make the work more apprehendable and comprehendible a particular organization is chosen as case study. This company is known as NIGERIA BREWERY INDUSTRY 9TH MILE CORNER, ENUGU.
The aims of organizations are reviewed as a having the objective of either profit maximization or rendering of efficient optimum service of which the case study company is out for both. This project work intends to bring into light inventory functions as an activity or means of achieving these objectives via or through its immense contribution to organizations.
The research work introduce inventory functions, its general back ground statement of general problem. It treasure review on the various authors on the subject matter on theoretical background were produce by the researcher.
Inventory management is the science based art of controlling the amount of stock held in various form within as business to meet economically the demand placed upon that business it is thus a machinery used by brewery industry to determine the optimal level of stock to hold at specific periods of time depending on certain such as cost minimization and / or anticipated price increase.
The need for inventory arises because of the dynamic nature of the environments within which the brewery industry exist. According to Patterson and Silver, in an ideal situation where the demand upon a business is known exactly and in advanced where supplies arrives when due, there would be little need for any inventory at the end of financial periods.
In practices however, the demand is not known in advance and suppliers could arrive either early or late as the case may be and this brings about the need for inventories to act as a butter between the vagaries of demand and supply.
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