1.0INTRODUCTION: A history of Bendel Textile mill Ltd as it was
called in the then defunct Bendel state but now renamed Asaba Textile mill Ltd immediately after the splitting of the state into Edo and Delta states in 1991, was incorporation in 1965.
It was located on the eastern side of the town, Asaba, the headquarters of Delta state. It is cited close to the Lagos-Onitsha Express way for easy accessibility. The mill was created to assist in the relief of unemployment and to reduce rural migration of people to urban areas.
Amongst other objectives of the firm are the manufacturing of textile fabric (100% cotton), modernization and expansion. However, the product line of the company is Africa print with a planned production capacity of 4000 metres per day. Crey cloth which is 10,560, 000 matres per annum taking twenty –two working days in a month. Both the production capacities so far achieved are 30,000 metres per day Grey baft that is 7920,000-metre p.a. The slack in the full capacity achievement is due to insufficient supply of raw material (R/M), high labour cost, high labour turnover mostly in the spinning and weaving departments at the beginning of every year and also the demechanization of machines. The company has to cannibalize to put some machines into operation and a colossal amount is spent on the importation of German expatriates to carry out the job of machine cannibalism.
Moreso, the mill has staff strength of 840 comprising Administration, factory workers, security unit and labourers. It has a total sale of over eighty million Naira (N80m) p.a.
The raw materials used by the mill are; cotton hint, chemical and dyestuff. Some are sourced locally while some are imported. Indian expatriates own the mill.
TABLE OF CONTENTS
1.1Statement of Problem
1.2Purpose of Study
1.4Significance of study
1.7Definition of terms
2.0Review of Related Literature
2.1Source and Nature of Raw Material
2.2Planning material requirement
2.4Need for material utilization
2.5Organizational responsibility for material utilization
2.6The purchasing policy of the mill
2.7Receiving and storage
2.8Stock taking method
2.9.2The Economic Order Quantity (EOQ)
2.9.3The lead time
2.9.4Re- Order level (ROL)
2.9.5Minimum stock level
2.9.6The Re-order Quantity
2.9.7The Re-order Quantity
2.9.8The inventory quantity
2.9.9Valuation of inventory
3.1Source of data
3.1.1 Primary data
3.1.3Population and sample size
4.0The analysis of data and discussion
4.1Empirical Research into the manufacturing enterprise
5.1Summary of results
5.2Summary of findings
5.5Appendix A: Organization chart of Asaba.
Textile mill Ltd
Appendix B: Percentage waste computation of material input in the processing/finishing department
Appendix C: Specimen of questionnaire used
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