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INTRODUCTION
Inventory is basically the total amount of goods and materials held in stock by a factory, store
and other business. An inventory system is a process whereby a business keeps track of the
goods and material it has available. Today’s competitive environment is forcing companies to
optimize the procurement processes and inventory levels while at the same time ensure
accuracy of controls and implementation of standard procedures for the flow of materials.
However, in the absence of appropriate systems and information infrastructure, companies
are finding it difficult to achieve smooth and efficient.
Inventory management system is a very important system that is used by the companies to
control and manage the inventory in and out in their daily transaction. How important the
inventory management system for the company and influence their sales? It is the topic that
will go to touch on this research. Keeping track of units of inventory and their associated
costs is important to the management of the firm. Information concerning the units sold and
those in inventory is an essential basis for intelligent decision about pricing, production and
reordering. An inventory system is needed to keep track of this information.
METHODOLOGY
The study is descriptive in nature
DATA COLLECTION
Both Primary and secondary data will be collected
CHAPTERISATION
Chapter 1 Introduction
Chapter 2 Review of literature
Chapter 3 Theoretical framework
Chapter 4 Industry and company profile
Chapter 5 Data analysis and discussion
Chapter 6 Findings, conclusions and suggestions
BIBLIOGRAPHY
APPENDIX