EVALUATING INVENTORY MANAGEMENT AND CONTROL IN MANUFACTURING FIRMS. (A STUDY OF CHAMPION BREWERIES PLC, UYO)
ABSTRACT
Inventory management is a significant component of any business since inventories are normally accountable for the majority of the costs incurred in business operations. Several researches conducted to ascertain how companies meet customer demand by tracking and maintaining the inventory required using and inventory management system. Thus, the desire to find out inventory management and control on manufacturing ignited this study. This work examined the inventory and control management with a particular reference to Champion Breweries Plc, Uyo. To achieve this purpose, four research questions were formulated to guide the study. A structured questionnaire was used as the main instrument for data collection from 50 personnel of the company. The data collected from the respondents were analysed using simple percentage and correlational analysis for testing hypothesis. The study concluded with some recommendations that the company should hold inventory in the form of raw material, work-in-progress (process) and finished goods.