Showing posts with label MANUFACTURING COMPANY IN NIGERIA. Show all posts
Showing posts with label MANUFACTURING COMPANY IN NIGERIA. Show all posts

Thursday, August 18, 2016

EFFECTIVENESS OF INVENTORY MANAGEMENT IN A MANUFACTURING COMPANY

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be overemphasized as it is a means for improving the performance of manufacturing industries. Inventory can be defined as a record of a business current assets including property owned, merchandise on hand and the value of work in progress and work complete but not sold and it is classified as a current asset because it can be turned into liquid cash within a short period of time. Inventory has created a great impact on the profitability of the manufacturing firm which resulted to the deep research of this topic. Effectiveness of inventory management in a manufacturing company.