Efficient stock control – tool for the management of inventory in an organization – case study of Nigeria Bottling Company plc, Aba

Description

Efficient stock control – tool for the management of inventory in an organization – case study of Nigeria Bottling Company plc, Aba.

Abstract

The efficiency of stock control is a vital tool for the management of inventory in an organization both large and small firms. A good stock control system is very important to any organization that holds stock whether in the public or private sector. Serious operational and financial breakdowns can result if a good stock control system is not in operation. Every stock control system must be designed to meet the particular needs of the organization. Stock control is set up in any organization to assist in the production of goods and services and no substantial size can be efficiently managed without it. The basic aim of every efficient manager is to reduce the time and labour involved in each operation to the absolute minimum consistent with maintaining the required quality.