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The Impact of Stock Management on the Success of an Organization

The Impact of Stock Management on the Success of an Organization

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Reference ID: PS-4788-TM

DEDICATION

This research material titled “The Impact of Stock Management on the Success of an Organization” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Purchasing and Supply (PS), Book Authors and Profound Scholars of existing or related project material on “The Impact of Stock Management on the Success of an Organization” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    The Impact of Stock Management on the Success of an Organization

    CHAPTER ONE

    1.0 Introduction

    1.1 Background Of The Study

    Many organizations in Nigeria that do not have proper stock management systems in their operations face a lot of challenges most of which include dependency on the supplier, missed sales in case of stock outs, high costs of obtaining materials and poor customer service. Good Stock management by a firm will lower costs, improve efficiency and ensure production while at the same time meet fluctuations in customer demand. It will give the firm competitive advantages as more efficient production can feed through to lower prices and customers are always satisfied as products will be available on demand.

    Stock management directly affect s both the value of the assets in a business and the quality of services given to customers. Firm should therefore focus on just a few core activities which of course include stock management in order to maintain a long term competitive advantage using this approach which has been refined, companies have tried to focus on their stock and have set a stage for wide spread acceptance of advantage of stock management.

    The scenario of stock management involves determining the purchase and techniques and strategy. Firms that have not embraced the use of stock management in their operations have been reported to miss the chance of maximizing sales. So poor performing industries look up to stock management to drive down costs improve performance and revolutionalised traditional systems of production. It is against their background that firms have realize the importance of stock management in organization success.

    The success of an organization can also on how the organization achieves its mission and satisfy its customer needs in the most competitive way. The organization is said to be successful when it can satisfy all its target customers in time, handle customer order in the right time and use the available resources effectively and efficiently.


    1.2 Statement Of The Problem

    Stock management is very important aspect in an organization and its allows efficient balance of pattern, use of space, access to stock input and output general efficient stores operation and customer satisfaction. Its however clear that Dunlop Nigeria Plc lacked effort at sourcing local raw materials inputs for it’s production informed a strategy of backward integration of the majority shareholding.


    1.3 Aim and Objectives of Study

    The aim of the study is to examine the Impact of Stock Management on the Success of an Organization. In achieving this aim, the following specific objectives were laid out as follows:

    • To establish the inventory management system and techniques
    • To find out the costs associated with holding inventory in an organization
    • To establish the measure of success in an organization
    • To establish the relationship between stock management and organization success.

    1.4 Research Questions

    The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:

    • What are the inventory management systems and techniques in use?
    • What are the costs associated with holding inventory in an organization?
    • What are the measures of success in an organization?
    • What is the relationship between stock management organization success?

    1.5 Scope Of The Study

    The scope of the research is focused on the Impact of Stock Management on the Success of an Organization. The study encompassed stock management as an independent variable while organization success is the dependent variable. The study specifically focused on stock taking, and also investigated stock levels in organization.

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

    Summary Headlines for The Impact of Stock Management on the Success of an Organization



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