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10,493 Words
INTRODUCTION HISTORY OVERVIEW: The use of budget in government long preceded its application in business or the business sector. In the stable economic environment of the period before world war, few large companies in U.S.A and U.K used budgets. The result of the use of budget conflicted, some pioneer companies reported it was a significant tool to management but reported it has an ill or even a negative effect on efficiency and produ […]
67 Pages
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6,726 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY The need for effective and efficient inventory control. Recent advancement and technology in business activities have generated the need for inventory management and control. For more than a decade now, inventories were handled by a clerk in a routine manner without applying the techniques of inventory but in a recent time, proper attention has been given to inventory management and control. In […]
69 Pages
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8,966 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY An assessment of the strategies used in bottling/manufacturing industry (a case study of Nigeria bottling manufacturing company) in owerri urban with particular reference to coca-cola production. The consumption of coca-cola product cannot be over emphasized in Nigeria and also in most countries of the world as a multi-national company. Frankly speaking and in the interest of mankind. The image […]
82 Pages
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9,145 Words
1.0 INTRODUCTION Production operation will highly be hampered if the stores functions are not properly and effectively carried out. The basic stores functions is that of holding stock, thus, the need for proper stock control an becomes imperative. Stock control in an organization involves activities designed towards the effective management and control of all inventory items held in stock. Stock control can be further defined as “a mea […]
58 Pages
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6,234 Words
1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY In a manufacturing company, whether in the public or private sector have storehouse, warehouse and stock yard where different types of stores or material are received stored and issued to different users. It is important for all store personnel to have full knowledge and characteristics of all the stores they have in their storehouse, this will enable them identify the stores, correctly reco […]
78 Pages
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9,903 Words
1.0 INTRODUCTION The selection of a vendor is the most crucial concern in the buying process and an acid test of good purchasing. The process includes the continuing surveillance of the relationship between the supplier and the buyer to maintain mutually satisfactory condition of co-operation and interest. Uzor 2004. In selecting sources of supply, purchasing makes decisions that influence not only a firm’s economic success, but also t […]
63 Pages
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10,091 Words
0.1 INTRODUCTION This work has introduced purchasing as a cost saving function in a manufacturing company. It has endeavored to provide a breef insight to the readers and managers and students and professional men and woman in purchasing and supply management, what purchasing as a cost saving function should internal relationship that leads to understanding and harmony among the various units of the expected goal of the company. The re […]