THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES

ABSTRACT

As the topic states “The impact of effective inventory management in a hospitality industry” one will then assay that impromptu, manufacturing / hospitality industries, face a lot of inventory management problems. This is the around head of what the researcher tried to bring to force, to examine and analyze the possible causes to this problem.

The writer also defined the concept “Inventory management” and traced its origin and usage of methods applicable to its effective management. A step was also taken to suggest solutions by making constructive recommendations aimed at addressing the raised.

Some of the problems associated with inventory management are unavailability of raw materials; determination of optimum level of stock, as well as discrepancy between policy and practice in stock management.

In-depth research was conducted and the study retracted the need for management of inventory and its attendant benefits in chapter five.

TABLE OF CONTENTS

Preliminary section pages

Title page

Approval page

Dedication

Acknowledgement

Table of contents

List of tables

Abstract

CHAPTER ONE

1.0Introduction

1.1Background of the study

1.2Statement of problems

1.3Purpose of the study

1.4The scope of the study

1.5Research questions

1.6Research hypothesis

1.7Significance of the study

1.8Definition of terms

CHAPTER TWO

REVIEW OF LITERATURE

2.1Stock management and importance

2.2Economic order quantity

2.3Establishment of stock level

2.4Stock valuation method

2.5Summary of reviewed related literature

CHAPTER THREE

3.0Research methodology

3.1Research design

3.2Area of study

3.3Population of the study

3.4Sample and sampling procedure

3.5Instrument for data collection

3.6Validation of the instrument

3.7Reliability of the research instrument

3.8Method of data collection

3.9Method of data analysis

CHAPTER FOUR

4.0DATA PRESENTATION AND RESULTS

4.1Data presentation and results

4.2Summary of results

CHAPTER FIVE

DISCUSSION, IMPLICATION AND RECOMMENDATION

5.1Discussion of results

5.2Conclusion

5.3Implication of the research result

5.4Recommendation

5.5Suggestions for further research

5.6Limitation of the study

References

Appendices

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APA

Ugwu, A. (2018). THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES. Afribary. Retrieved from https://afribary.com/works/the-impact-of-efficient-inventory-management-in-hospitality-industries-2389

MLA 8th

Ugwu, Anderson "THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-impact-of-efficient-inventory-management-in-hospitality-industries-2389. Accessed 23 Mar. 2023.

MLA7

Ugwu, Anderson . "THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES". Afribary, Afribary, 29 Jan. 2018. Web. 23 Mar. 2023. < https://afribary.com/works/the-impact-of-efficient-inventory-management-in-hospitality-industries-2389 >.

Chicago

Ugwu, Anderson . "THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES" Afribary (2018). Accessed March 23, 2023. https://afribary.com/works/the-impact-of-efficient-inventory-management-in-hospitality-industries-2389

THE IMPACT OF EFFICIENT INVENTORY MANAGEMENT IN HOSPITALITY INDUSTRIES

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