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IMPACT OF INVENTORY MANAGEMENT ON MANUFACTURING ORGANIZATION (A STUDY OF CADBURY NIGERIA PLC, LAGOS
1.2 STATEMENT OF PROBLEM
This study focus on the needs and nature of inventory and stock taking administration problems and the likely solutions to ensure effective stock taking and inventory analysis, looking at its effect on production development. The purpose of this study is to consider the issue associated with inventory and stock takings as compared to other organizations ways of doing things.
This investigation sets out to ascertain and clarify the notion by most managers that stock management and inventory control, to some people is waste of money and time on the part of the company. So does not actually regulate inflow, and outflow of goods due to the person in charge may not record and properly inspect the goods coming and going out:, this and many other things make the whole idea a misconstrued one.
This research work also attempt to Find out the reasons why inventory control can not stop unnecessary waste in company resources, incorrect accounting of goods stock taking and reduce theft noticed in the company.
This study also identifies and make vital contribution to solving some of the problems of stores management development and productivity in the food and beverage industries.
1.3 OBJECTIVE OF THE STUDY
The objectives of the study as determined by the researcher are:
1. To explore all areas of stock and inventory management and its effectiveness in the company and its branches as well as other companies activities so as to be more proficient in growth in the competitive industry.
2. To demonstrate how inventory control, have help growing companies succeed in checking activities of theft, wastage and unwanted spoilage of goods.
3. To highlight various impediments against inventory and stock keeping management control in food manufacturing companies.
4. To prove that effective store management control and stock takings can result in profit oriented company and necessitate expansion processes.
1.4 RESEARCH HYPOTH ESES
In the course of this study, the following hypotheses were formulated by the researcher.
H0: Stock taking and inventory have no direct effect on employee’s performance at work in Cadbury PLC.
H1: Inventory and stock taking help to increase productivity of staffs in Cadbury PLC.
H0: Stock taking have 110 direct links with employees job satisfaction in Cadbury Pie.
H1: Stock taking has a direct link with employees’ job satisfaction in Cadbury Pie.
H0: Stock taking and inventory have no relevant relationship with employees moral in Cadbury lie.
H1: Stock taking and inventory management have a relevant relationship with employees moral in Cadbury PLC.