Inventory Control over the Firm Performance
THE RESEARCH PROPOSAL ON THE INVENTORY CONTROL OVER THE FIRM PERFORMANCE; CCK DAR ES SALAAM.
CHAPTER ONE 1.0 Introduction.
The chapter for this study includes the background of the organization and problem/study, statement of the problem, research objectives, research questions, significant of the study and scope of the study.
1.1Background of the study
Inventory control involves the coordinating of materials availability, controlling, utilization and procuring of materials. Inventory control is the direction of activities with the purpose of getting the right inventory in the right place at the right time and in the right quantity and it’s directly linked to production function of any organization which implies that the inventory management system operated will affect the profitability of an organization directly and indirectly. (Koumanakos P.D 2008) also according to Rajan(2012) inventory management is concerned with determination of optimum level of investiment for each components of inventory and the efficient use of components and operation of components and the operation of an effective control and review of mechanism. the main objective of inventory management are operational and financial.
Inventory is a term that has been explained in various ways by various scholars, Inventories are stocks of the product a company is manufacturing for sale and components that make up the product. They are raw materials, work-in progress and finished goods and they constitute various forms of inventory in a manufacturing firm. Inventories are the stocks of materials or finished goods which a company keeps in anticipation of demand or consumption (W, Donald 2003)
Also inventories are also called idle resource of a company. inventories represent those items which are either stocked for sale or they are in the process of manufacturing or they are in form of materials which are yet to be utilized..
W.Donald insisted that inventories are the stock of materials or
CHAPTER ONE 1.0 Introduction.
The chapter for this study includes the background of the organization and problem/study, statement of the problem, research objectives, research questions, significant of the study and scope of the study.
1.1Background of the study
Inventory control involves the coordinating of materials availability, controlling, utilization and procuring of materials. Inventory control is the direction of activities with the purpose of getting the right inventory in the right place at the right time and in the right quantity and it’s directly linked to production function of any organization which implies that the inventory management system operated will affect the profitability of an organization directly and indirectly. (Koumanakos P.D 2008) also according to Rajan(2012) inventory management is concerned with determination of optimum level of investiment for each components of inventory and the efficient use of components and operation of components and the operation of an effective control and review of mechanism. the main objective of inventory management are operational and financial.
Inventory is a term that has been explained in various ways by various scholars, Inventories are stocks of the product a company is manufacturing for sale and components that make up the product. They are raw materials, work-in progress and finished goods and they constitute various forms of inventory in a manufacturing firm. Inventories are the stocks of materials or finished goods which a company keeps in anticipation of demand or consumption (W, Donald 2003)
Also inventories are also called idle resource of a company. inventories represent those items which are either stocked for sale or they are in the process of manufacturing or they are in form of materials which are yet to be utilized..
W.Donald insisted that inventories are the stock of materials or