Material Control On Organisational Profitabilty: A Case Study Of Uganda Clays Limited

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ABSTRACT

This report, Material Control on Organizational Profitability" was can·ied. out with

Uganda Clays Limited with specific aims of examining; the need for material control

on improving profitability; the challenges experienced in material control on the

profitability of the company and suggesting solutions to the challenges experienced. To

comprehend the study a review of related literature was carried out on already existing

information on the specific aims of this paper to enrich and supplement the study

findings. The stndy relied on both qualitative and quantitative designs under which

questionnaire and interview guide were employed as research instruments. These were

administered to sample of 40 respondents.

The study established the need for material control on profitability to be; reducing

wastage of resources, securing materials at a low price, regulating stock levels,

reducing embezzlement and making stock updates. The challenges experienced in

material control on the profitability of the company were found out to be; changes in

market demand, difficulties in maintaining supply and connivance among employees to

embezzle materials.

The study concludes that well regulated materials improve the bargaining power of

company; this puts company in a better position to understand its structures thus able to

minimize losses. However, solutions to these challenges were suggested to be; reducing

redundancy of materials in store, avoiding unnecessary material handling, improved

motivation of the workers, and proper storage of materials. The study recommends;

need for strengthening the internal oversight of the company in managing materials;

strengthening cooperation among the inventory team; establishing a positive control

environment; establishing control activities with policies that ensure management

directives; monitoring and evaluating aspects of internal control; identifying, capturing

and communicating information on material control; adopting the Bin Card system and reviewing risk assessment policy.

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APA

MALEK, T (2021). Material Control On Organisational Profitabilty: A Case Study Of Uganda Clays Limited. Afribary. Retrieved from https://afribary.com/works/material-control-on-organisational-profitabilty-a-case-study-of-uganda-clays-limited

MLA 8th

MALEK, TONG "Material Control On Organisational Profitabilty: A Case Study Of Uganda Clays Limited" Afribary. Afribary, 12 Jun. 2021, https://afribary.com/works/material-control-on-organisational-profitabilty-a-case-study-of-uganda-clays-limited. Accessed 24 Jul. 2021.

MLA7

MALEK, TONG . "Material Control On Organisational Profitabilty: A Case Study Of Uganda Clays Limited". Afribary, Afribary, 12 Jun. 2021. Web. 24 Jul. 2021. < https://afribary.com/works/material-control-on-organisational-profitabilty-a-case-study-of-uganda-clays-limited >.

Chicago

MALEK, TONG . "Material Control On Organisational Profitabilty: A Case Study Of Uganda Clays Limited" Afribary (2021). Accessed July 24, 2021. https://afribary.com/works/material-control-on-organisational-profitabilty-a-case-study-of-uganda-clays-limited