IMPACT OF INVENTORY VALUATION METHODS ON THE PROFITABILITY OF CHAMPIONS BREWERIES
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
The research work titled “impact of inventory valuation methods on the profitability of Champion Breweries Plc”. The general objective of this study is to appraise inventory management and control in manufacturing firm. The specific objectives are to: examine the effectiveness of the various tools and techniques (Economic order quantity and Economic Batch Quantity) used by manufacturing firms in inventory management and ascertain the extents to which inventory control contribute to profitability in manufacturing firms. This study adopted the ex-post factor and descriptive research design. This study is anchored on theory of Economic order quantity (Wilson EOQ). The area of the study is manufacturing firms’ precisely one manufacturing firm, Champion Breweries. The instruments used were main sources from both Primary data and Secondary data. The primary data was obtained using oral interview and properly structured questionnaire while the secondary data for the study were obtained mainly from textbooks, journals and internet articles. A simple percentage approach was employed to analyze the questionnaire while the hypothesis were tested using Regression Analysis at 5% level of significance. The analyses were performed using the Statistical Package for Social Sciences (SPSS) Version 20. The study found that the various tools and techniques of inventory management adopted in manufacturing firms are effective since the significance value (p-value) of 0.046 < 0.05. it further found that inventory control has contributed significantly to the net profit of manufacturing organization (Champion Breweries plc) with (p-value) of 0.005 is less than 0.05. It therefore recommended that manufacturing firms should diversify their inventory system to suit specific needs of production and at the same time ensure that maximum attention is paid to inventory management so as to avoid or reduce the amount of loss that would be gotten from damaged goods in inventory.
Related Project Materials
THE EFFECT OF NUTRITION ON MENTAL DEVELOPMENT OF SCHOOL AGED CHILDREN (A CASE STUDY OF ESAN WEST L.G.A IN EDO STATE)
STATEMENT OF RESEARCH PROBLEM
Over the years in Nigeria there has been questionings as regards the performance of studen...
IMPACT OF NON-OIL EXPORT ON NIGERIAN ECONOMY (1986-2010)
ABSTRACT
The study investigated the impact of non-oil exports on Nigerian economy during the period of 1986-2010. This study was carried...
EFFECT OF COVID-19 LOCKDOWN ON INTERNET DATA USAGE
ABSTRACT
This study was carried out on the effect of covid-19 lockdown on internet data usage. To achie...
A CRITICAL STUDY ON THE MARKETING OF LIBRARY SERVICES IN ACADEMIC LIBRARIES IN NIGERIA
Background to the Study
Libraries are a country's knowledge and information basis. A library gather...
THE IMPACT OF PERFORMANCE APPRAISAL ON THE ORGANIZATION EFFICIENCY
ABSTRACT
Performance appraisals allow the organization to tell the employee something about their rates...
THE ROLE OF RE-ENFORCEMENT ON THE PERFORMANCE OF STUDENTS
Background to the study
In the field of behavioral psychology, reinforcement refers to the application...
PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPLICATION ON ECONOMIC POLICY AND DEVELOPMENT OF CROSS RIVER STATE.
ABSTRACT
The research was on privatization or public enterpr...
ETHICS AND UNIVERSITY ADMINISTRATION
Background of the study
According to Ogungbemi, (2015) ethics is about behavior and ways of thinking, e...
EVALUATIVE STUDY OF TEACHING AND LEARNING ENGLISH GRAMMATICAL STRUCTURES IN SOME SELECTED PRIMARY SCHOOLS
ABSTRACT
This research work is concerned with the evaluative study of teaching and learning of English grammatical struc...
FINANCIAL MELTDOWN AND ITS EFFECT ON THE PERFORMANCE OF THE NIGERIAN CAPITAL MARKET
EXCERPT FROM THE STUDY
Lim, Brooks and Kim (2008) examined the efficiency of the eight Asian stock markets in order to f...
