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INVENTORY MANAGEMENT IN MANUFACTURING INDUSTRIES: A CASE STUDY OF ELECTRICITY METER COMPANY NIGERIA LIMITED, ZARIA
ABSTRAC T
This project presents the inventory planning and control systems in use in Electricity Meter Company Nigeria Limited, Zaria. A questionnaire was designed to gather necessary data which was complemented with other methods of gathering facts such as interviews, observations, etc. The project was aimed at examining the extent to which
inventory management theories have been implemented and to what extent it has worked in practice. It also aimed at providing useful suggestions for improvements in line with the findings of the study. Towards this aim, some inventory management practices such as forecasting methods, inventory models and the application of computers were discussed. The study revealed that intuition and historical experience rather than any scientific methods are in use in the company’s inventory management practices. Problems militating against the company inventory management practices include the hard economic situation in the country, difficulty in procuring foreign exchange for the importation of raw materials, and difficulty in determining optimum order quantities. Consequently, it is recommended that efforts should
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
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