ROLE OF INVENTORY PLANNING AND CONTROL IN AN ORGANIZATION

ROLE OF INVENTORY PLANNING AND CONTROL IN AN ORGANIZATION
 
ABSTRACT
The need holding inventories is invested in any business organization. The space of the inventory will be properly controlled so that object of carrying or maintaining adequate inventory lauds at minimum cost can be realized. The study therefore, examined the system of stock planning control and management in Emenite company limited. Considering the nature of the study and the company, a lot of data were generated from questionnaire administration and personal interview conducted on staff of the organization. Based on the method of data collection the researcher found out that the system of inventory control is adequate in design and effective in operation as regards the determination of stock levels, which could be attributed to the use of scientific method in determining the quantity and time to order. The researcher strongly believes that proper and accurate recording of bin cards and the use of scientific method in stock level.