The Role of Inventory Management Towards the Success of an Organization (A case Study: Continental Machinery (U) Ltd)

TABLE OF CONTENTS

Declaration ............................................................................................. .ii

Approval. ............................................................................................ .iii

Dedication ........................................................................................... .iv

Acknowledgement .................................................................................. v

Table of contents .................................................................................... vi

Abstract .............................................................................................. .ix

List of tables .......................................................................................... x

List of diagrams ..................................................................................... xi

CHAPTER ONE

1.0 Introduction .................................................................................... 1

1.1 Background ..................................................................................... 1

1.2 Statement of the problem .................................................................... 5

1.3 Purpose of the study .......................................................................... 5

1.4 Objectives of the study ....................................................................... 5

1.5 Research questions ............................................................................ 6

I. 6 Significance of the study .................................................................... 6

1. 7 Scope of the study ............................................................................ 7

I. 7.1 Geographical scope ........................................................................... 7

I. 7.2 Period scope ................................................................................... 7

1.8 Conceptual frame work ..................................................................... 7

CHAPTER TWO

LITERATURE REVIEW

2.0 Introduction .................................................................................... 10

2.1 Inventory management practices ............................................................ 1 0

2.2 Components and definitions of inventory management practices ..................... 1 0

2.2.1 Inventory control ............................................................................. 12

2.2.2 Inventory monitoring ........................................................................ 13

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2.2.3 Inventory information management ....................................................... 14

2.3 Success of an organization .................................................................. 15

CHAPTER THREE

METHODOLOGY

3.0 Introduction .................................................................................. 17

3.1 Research design .............................................................................. .17

3.2 Population ofthe study ...................................................................... 17

3.3 Sample size and sample selection techniques ............................................. 18

3.4 Sample Technique ............................................................................. 18

3.5 Sampling Random Technique ............................................................... 18

3.5.1 Purposive Sampling Technique .............................................................. 18

3.6. Data Collection Method ..................................................................... .19

3.6.1 Questionnaire ................................................................................. 19

3.6.2 Interview ........................................................................................ 19

3.6.3 Documentary Review ........................................................................ 19

3 .6.4 Observation ..................................................................................... 19

3.7 Techniques for data analysis ................................................................... 20

3.8 Limitation of the study ......................................................................... 20

3.8.1 Time constraints .............................................................................. 20

3.8.2 Financial constraints .......................................................................... 20

Organizational stmcture of continental machinery ............................................... 20

CHAPTER FOUR

DATA PRESENTATION AND FINDINGS

3.0 Introduction ................................................................................... 21

4.1 Analytical tools and methods used ........................................................ 21

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4.2 Findings of the study ........................................................................ 22

4.2.1 Kind of inventory methods used in the organization ................................... 22

4.2.2 Number of times on inquiry about inventory ........................................... 24

4.2.3 Problems encountered in inquiry about inventory ...................................... .25

4.2.4 Contribution of inventory management towards the success of an

organization .......................................................................................... 27

4.2.4.1Effect of inventory management on the income variables ............................ .27

4.2.4.2 Impact of inventory management on the organization's consumption

variable ............................................................................................... 29

4.2.5 Reasons that make organizations keep inventory ..................................... 30

CHAPTER FIVE

RECOMMENDATION AND CONCLUSION

5.0 Introduction .................................................................................. 33

5.1 Comments and conclusion ................................................................. 33

5.2 Recommendation ........................................................................... 34

5.3 Areas for further research .................................................................. 35

5.4 Organizational structure of continental machinery ...................................... 36

APPENDIXES

Personal letter to conduct research at continental machinery ................................. 37

Reply of the letter of introduction ................................................................ 38

Questionnaires ....................................................................................... 39

The interview guide ................................................................................. 41

Estimated budget ................................................................................... 42

Calendar of work ................................................................................... 43

Bibliography ........................................................................................ 44