STOCK CONTROL: AN INTEGRAL PART OF PROFIT MAXIMISATION (A Case Study of Seven Up Bottling Company, Lagos)

TABLE OF CONTENT

Title page....................................................................................................................... i

Declaration.. iii

Certification.. iv

Dedication.. v

Acknowledgementvi

Table of Contentviii

Abstractx

Chapter One. 1

1.0 Background of the Study. 1

1.2 Statement of Problems. 4

1.3 Objectives of the Study. 4

1.4 Scope of Study. 5

1.5 Significance of Study. 5

1.6 Plan of Study. 6

1.7 Limitation of the Study. 6

1.8 Statements of Hypothesis. 7

1.9 Historical Background of the Company. 7

1.10 Definition of Technical Terms. 9

Chapter Two.. 11

2.0 Literature Review.. 11

2.1 Purpose and Responsibilities of stores Department11

2.2 Stores Organisation.. 15

2.3 Relationship of Stores with other Departments. 15

2.4 Stores Procedures and Activities: Receipts and Inspection.. 18

2.5 Stock Valuation and Calculation or Profits Stock Valuation.. 22

2.6 Inventory Stock Control Levels. 24

2.7 Stock Purchase Price. 32

2.8 Stock Management and Control34

2.9 Current Development in Stock Control37

Chapter Three. 39

3.0 Introduction.. 39

3.1 Methodology and Procedure. 39

3.2 Research Design.. 40

3.3 Data Collection Method. 41

3.4 Questionnaires Design And Assumption.. 41

3.5 Limitation And Constraint42

Chapter Four. 43

4.0 Introduction.. 43

4.1 Research Finding and Interpretation.. 43

4.2 Testing Of Hypotheses and Interpretation.. 54

Chapter Five. 61

Summary of Findings, Conclusion and Recommendation.. 61

5.1 Summary of Findings. 61

5.2 Conclusion.. 62

5.3 Recommendation.. 63

Bibliography. 65

ABSTRACT

The stores function is a vital part of any manufacturing concern, public and private utility undertakings, municipal authorities and government departments. Organisations, most of the time, set profitability improvement as part of their objectives and every organisation strive to maximise such. Some of them could not often achieve this objective due to poor stock control. Stock control is one of the most serious problem confronting modern organisation especially organisations with stock item worth millions of naira. This research study, therefore examine the effort of stock control on profits and how it contribute to decision making process of the organisation. It also highlighted the organisations role in effectiveness towards a scientific approach to determine the stock levels which are reasonably accurate but which do not incur unreasonable cost of stock investment.