The Impact of Stock Taking in Manufacturing Company. (A Case Study of Soap and Detergent Industry Ltd Ilorin)

Subscribe to access this work and thousands more

BACKGROUND OF THE STUDY       

A company is expected to maintain adequate stock of materials for a continuous supply of raw materials to the factory for an interrupted production. It is not possible for accompany to procedures raw materials wherever it is needed and more so, finished goods manufactured by the company be sold at the same time. A time log exists between demand for materials and it supply. The procurement of materials may be delayed because of some factor such as strike, transport, description and short supply e.t.c. Therefore, there is a need for a firm to maintain sufficient stock of raw materials at a given time to stream-line production. To maintain the concept and conservation of accounts the continuity of existence to adequate raw materials supply and materiality conservation in raw materials for economic purpose.

Subscribe to access this work and thousands more
Save
Need help with your academic research project/paper, technical or creative writing? Hire our expert researchers and writers. Click Here to Submit a Writing Request
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

SHOLA, B (2021). The Impact of Stock Taking in Manufacturing Company. (A Case Study of Soap and Detergent Industry Ltd Ilorin). Afribary. Retrieved from https://afribary.com/works/the-impact-of-stock-taking-in-manufacturing-company-a-case-study-of-soap-and-detergent-industry-ltd-ilorin

MLA 8th

SHOLA, BALOGUN "The Impact of Stock Taking in Manufacturing Company. (A Case Study of Soap and Detergent Industry Ltd Ilorin)" Afribary. Afribary, 15 Dec. 2021, https://afribary.com/works/the-impact-of-stock-taking-in-manufacturing-company-a-case-study-of-soap-and-detergent-industry-ltd-ilorin. Accessed 09 Aug. 2022.

MLA7

SHOLA, BALOGUN . "The Impact of Stock Taking in Manufacturing Company. (A Case Study of Soap and Detergent Industry Ltd Ilorin)". Afribary, Afribary, 15 Dec. 2021. Web. 09 Aug. 2022. < https://afribary.com/works/the-impact-of-stock-taking-in-manufacturing-company-a-case-study-of-soap-and-detergent-industry-ltd-ilorin >.

Chicago

SHOLA, BALOGUN . "The Impact of Stock Taking in Manufacturing Company. (A Case Study of Soap and Detergent Industry Ltd Ilorin)" Afribary (2021). Accessed August 09, 2022. https://afribary.com/works/the-impact-of-stock-taking-in-manufacturing-company-a-case-study-of-soap-and-detergent-industry-ltd-ilorin