RELEVANCE OF STOCK CONTROL IN AN ORGANIZATION

For many  years now a lot of manufacturing company does not know the important of stock methods and even when they know, it is not consciously  handle or put in the  care of professional. Infact, they belief that the stock control methods is not the ultimate things the organization desire this means the contribution on effective stock control  can make to the success of an organization still not very widely appreciated and hence it is of great significant to reflect the  impact and  effective and efficient stock control would have on an organization  as well as the profitability level of the company.

The fundamental point about stock control is that by the very nature of it’s operation, every items of the store receives individual attention. The stock is the key element of working capital which has the power to influence the future of the company either positively or negatively and the effect is said to prevail over the other when it is not highly controlled. Where an organization materials are not systematically controlled, it can result to unnecessary trying up capital in stock and losses through breakage, pilferage, deterioration, theft, obsolesce etc. Beside, any organization which of stock out control stock is always faced with the problem of stock out in which may cause hold up in production service and sales, the staff become idle mean while salaries still have to be paid. Effective and efficient stock control will go along way in preventing loses and waste as such increase the point level of the organization.

CHAPTER ONE

INTRODUCTION

1.0HISTORICAL BACKGROUND OF THE STUDY

1.1STATEMENT OF GENERAL PROBLEM

1.2RESEARCH QUESTION

1.3RATIONALE FOR THE STUDY

1.4DEFINITION OF TERMS

CHAPTER TWO

2.1LITERATURE REVIEW

2.2STOCK CONTROL

2.3REASON FOR HOLDING STOCKS

2.4CONTROL OF STOCK BY QUANTITY AND VALUE

2.5RECEIVING AND INSPECTION

2.6STORE ACCOUNTING

2.7STOCK TAKING AND STOCK CHECKING

2.8SECURITY AND SAFETY IN THE  STORE

2.9THE ROLE OF COMPUTER IN THE ISSUE OF STOCK

2.10PROBLEMS OF STOCK CONTROL METHODIN AN ORGANIZATION

CHAPTER THREE

RESEARCH METHODOLOGY

3.1INTRODUCTION

3.2RESREARCH METHOD USED

3.3JUSTIFICATION OF THE METHOD USED

3.4INSTRUMENT OR TOOLS USED

3.5SAMPLE PROCEDURE USED

3.6POPULATION AND SAMPLE SIZE

3.7STATISTICAL TECHNIQUE USED IN ANALYZING THE DATA.

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.0INTRODUCTION

4.1DISCUSSION OF THE RESULT

CHAPTER FIVE

5.0SUMMARY

5.1CONCLUSION

5.2NEW FINDINGS

5.3LIMITATION OF THE STUDY

5.4RECOMMENDATION

BIBLIOGRAPHY