Evaluation of inventory control system in manufacturing industry Department: Accountancy By: bapatigi7954 Project ID: 2668 Rating: (3.0) votes: 15Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis project is to examine how adequate stock control could help in the efficient control of finance. Inadequate control of stock could lead to either loss of or tying down of scarce resources which could have been better utilized by yielding dividends for the company. The methods used in analyzing the data collected are tables and simple percentages. Among the findings of the research, is that store officers and auditors are in charge of stock taking and control of the store. The store should be merged with the purchasing department for effective performance since they complement one another while the use of Bin cards can supplement computers if the company can afford to do so with the view of achieving efficiency in the system of stock control. The research is aimed at achieving adequate stock control and profit maximization to ensure that the firm is in an organized state. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )