CHAPTER ONE

INTORDUCTION

1.1  BACKGROUND OF THE STUDY

Effective and efficient stock control is the system that will ensure the provision of the required quantity of materials of the required quality at the required time with minimum amount of capital tired up. Stock control is the means by which materials of correct quantity is made available as when required with the due required to economy in storage and ordering costs, purchase price, and working capital.

If a cost accounting system is to be fully effective, there must be proper system for the control of materials from the same or requisition to the time of the materials are issued to production. It must be stated there that the materials pilferage deterioration of materials and careless handling of stores lead to reduction of profits even losses. However, in the effort for manufacturing organization to achieve objectives, the various measures of stock control must be fully adopted and implemented.

1.2     STATEMENT OF PROBLEMS

A good number of firms, mostly manufacturing firm are maximizing profit due to production practices, and occurrences of errors among the purchasing storekeepers who control stock similarly, good numbers of manufacturing firms do not take regularly, some take monthly quarterly and some yearly. These irregularities of stock could give chances for dishonest and unreliable workers to defraud their companies. Also many manufacturing firms today have unqualified purchasing and stores personnel because this personnel are not qualified.

As this project is a case study of the impact of effective and efficient stock control in Coca-Cola Nigeria Plc, the principle problem being invested is to determine how efficiently and effectively cameral out within the company’s if one   should ask “Do the Coca-Cola Nigeria Plc” carryout their stock control activities efficiently. Simply, put this question relates to whether there is need for efficient and effective stock control in the sto7res of the company or not.

1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
2. 2. As a source for additional understanding of the subject.
3. 3. As a source for ideas for your own research work (if properly referenced).
4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
5. 5. Direct citing (if referenced properly)
Thank you so much for your respect to the authors copyright.