The role of effective store management in business organizations - case study of Femtech ICT, Ilorin Department: Purchasing and Supply By: Eniolamoses Project ID: 8774 Rating: (5.0) votes: 1Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis research investigates The Role of Effective Store Management in Business Organizations, with a case study of Femtech ICT, Ilorin. In the contemporary business landscape, store management plays a critical role in ensuring operational efficiency, cost control, and the timely availability of materials and products. Effective store management is not only fundamental to inventory accuracy and space optimization but also vital to enhancing organizational performance through the minimization of waste and stockouts. This study aims to assess how strategic store management practices influence productivity, service delivery, and profitability within a technologically driven firm like Femtech ICT. The study adopts a descriptive research design and employs both primary and secondary data. Data were collected through structured questionnaires administered to store and procurement staff, alongside in-depth interviews with management personnel. Secondary data were sourced from organizational records and academic publications. The findings reveal that effective store management at Femtech ICT is characterized by the application of inventory control systems, proper record-keeping, periodic stock audits, and the use of digital tools for real-time inventory monitoring. These practices have significantly contributed to improved service efficiency, reduced operational costs, and enhanced customer satisfaction. However, the research also identifies key challenges, such as limited storage space, irregular supply chain disruptions, insufficient staff training, and the occasional mismatch between demand forecasts and stock levels. Despite these challenges, the study concludes that the application of modern store management techniques is indispensable to organizational success in the ICT sector. The research recommends continuous investment in technological solutions for inventory control, staff capacity development, and the adoption of best practices in store layout and documentation to optimize the performance of business organizations like Femtech ICT. Keywords: Store Management, Inventory Control, Business Organization, Operational Efficiency, Femtech ICT, Ilorin, Organizational Performance...Preview Download Preview +Other Purchasing and Supply project topics and materials you might be interested in»The impact of material management on organization productivity»The role of physical distribution function in a manufacturing company (A case study of 7up bottling company Aba) »The impact of new product development on performance of commercial banks in Nigeria (a case study of three banks in Owerri) »Stock control: a tool for the attainment of organizational objectives in a manufacturing company (a case study of PZ industry Aba, Abia state) »The need for effective stock control in an organization (a case study of Jacobs wine limited, Mgbidi)»The impact of manpower training and development on purchasing personnel in the manufacturing industry (a case study of PZ Cussons plc)»The need for efficient supply management in the public sector (a case study of ministry of finance Imo state)»The impact of the application of health and safety regulations in stores (a case study of consolidated brewery, Awo-Ommama) »The need for training and development of suppliers personnel in the public sector (a case study of ministry of agriculture and natural resources) »Impact of store functions on achieving organizational objectives»Effective purchasing planning as a cost reduction tool in the manufacturing industry»Impact of stock taking as a control measure in a manufacturing company»The role and contribution of purchasing and supply in the profitability of an organization - a case study of Nigerian Bottling Company Plc, Owerri»The roles of effective distribution channels on customers satisfaction»The impact of effective and efficient stock control in a manufacturing organization