The Importance of Inventory Management as a Tool for Cost Reduction in Manufacturing Companies

THE IMPORTANCE OF INVENTORY MANAGEMENT AS A TOOL FOR COST REDUCTION IN MANUFACTURING COMPANIES. (A CASE STUDY OF NIGERIAN BREWERIES, PLC 9TH MILE CORNER)

The economic boom of the last two decades or so appear to have given way to a slight form of depression globally especially in the third world and some developing countries. Some developing country such as Singapore, Malaysia, Thailand, Indonesia, and generally the Asian Tigers are doing fine though and are economically very important. Back home here is Nigeria the situation is that of depression and absolute poverty, high inflation very low purchasing power resulting from very low Gross national product per capital income, and al these have led to disappearing interest in luxury goods especially. [Read more…]

The Use of Supply Chain Management in Manufacturing Organisation to Control Inventory Levels While Providing Adequate Service to Customers

 The Use of Supply Chain Management in Manufacturing Organisation to Control Inventory Levels While Providing Adequate Service to Customers

Inventory has been defined in so many ways by different authors. The various definitions given by these authors are influenced by their orientations and their specific fields or areas of interest. Among these definitions are the following.

Garet and Silver (1973), define inventory as an idle resources of any kind that posses economic value. It includes physical goods, stock, pile of managerial and personal information, cash and production equipment. It is a list or schedule of articles, human or material resources that are needed in the production process. [Read more…]

An Appraisal of Current Asset Management in Public Limited Liability Companies

 A Critical Appraisal of Current Asset Management in Public Limited Liability Companies

Literature review means forecasting reading, evaluation all available documents of written material port related to a given study or investigation. This will provide an understand of previous work that has been done in an area of investigation and will also help to correct the errors of mistake in the study.

For the purpose of this research work, the following literature will be considered:

  • Management of Cash
  • Inventory Management
  • Management of receivable and
  • Management of marketable Securities

[Read more…]