1.0 Introduction
Business management has various branches and no business enterprise ever succeed without all of these branches coming together to work effectively and efficiently as they should. If a part of human body is not functioning well, then the whole body will suffer the pain. This explains the relationship between the various functional departments of any business organization. If one department is inefficient or not functioning as it should, it will strongly undetermine the efficiency of others. This is why it is very important for all the branches in any organization to be harmonized and galvanized so that they will see themselves as one and aiming progressively to actualize a certain goal.
This is why materials management expert have confirmed it that materials are the heart of any organization, and because no human being can survive without blood, the organization cannot survive without materials, this is why conscious effort has to be made at acquiring materials in a way that will save the organization cost. These materials must be efficiently utilized.
Stocktaking and stockcontrol are those activities performed which are aimed at ensuring the availability of material both in the right quantity and quality. This helps the organization not to witness a stock-out situation or capital tie down inform of heavy stock carrying. And the method that can help in avoiding these two abnormal phenomena is considered to be a good stocktaking and stock control techniques exercise in the organization like the Nigeria Breweries.
1.1 Statement of the Problem
The increasing specialization of industry in recent times has progressively enhance the importance of this topic because of the tendency for firms to concentrate in the manufacturing of their own specialist line and to buy out an increasing proportion of materials either in a semi process condition or in the form of finished parts.
The development of centralized industries, the over-widening range of technical materials and equipment in Nigeria Breweries and the importance to meet up with over increasing quantity of materials serve to emphasize the value of adequate stocktaking procedures.
1.2 Objectives of the Study
The main objective of this research work is to lay emphasis on the importance for the need of accurate stocktaking and stock control method.
It will also further classify the importance or benefits acquired from an efficient implementation of coding system. This is carried out with the case study of Nigeria Breweries Plc.
1.3 Importance of the Study
The importance of this research work is based on improving the techniques of stocktaking and stock control. It will also improve the steps involve in stocktaking.
The study will also enable the reader to know much about stock discrepancies and to improve efficiency and profits through proper stocktaking and stock control. It also encourage the usefulness of automating stores function like stocktaking and stock control in Nigeria Breweries Plc.
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