IMPORTANCE OF PRODUCTION PLANNING AND INVENTORY CONTROL IN AN ORGANIZATION
COMPLETE PROJECT MATERIAL COST 5000 NAIRA OR $10 ,
. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED. DESIGN AND WRITING IS OUR SKILLED.
Note: our case study can be change to suit your desire location . we are here for your success.
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER: 0115939447
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 2 HOURS
How to transfer from your bank account to All Nigeriabanks
1. Access Bank:
3. Fidelity Bank:
5. First Bank
7. Heritage Bank:
8. Keystone Bank:
9. Sky Bank:
10. Stanbic IBTC:
11. Sterling Bank:
13. Unity Bank:
14. Zenith Bank:
15. Diamond Bank
To know your BVN, dial
E.g for First bank… *894 *Amount *Acct. No. #
Please dail d code from d number u used to register d account from the bank
CALL OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
MONEY BACK GUARANTEE
Verily the idea of production generally dates back to the ancient days/times when human being concerned most production systems, beginning with the family and craft system which involves into the factory system culminating in mass production lines and the automation concept. This productivity system are unique inventions of mankind. They are mean of which we create an endless list of goods and services needed for sustained modern society. Consequently, production planning and inventory control in an organization is basically aimed at establishing the significance of the subject matter organizations performance relating to the production process production control and planning inventory control. This is consistently relevant activity in production. Marketing and finance department in the organization toward achieving its objectives.
CHAPTER ONE: INTRODUCTION
1.1 Background of the Essay – – – – – 1
1.2 Statement of the Problem – – – – – 3
1.3 Limitations of the Essay – – – – – 4
1.4 Definition of Terms – – – – – – 5
1.5 Scope of the Essay – – – – – – 11
CHAPTER TWO: LITERATURE REVIEW
2.1 Concept of Production – – – – – – 12
2.2 Production Planning – – – – – – 24
2.3 Inventory Control – – – – – – 29
2.4 Significance of Production Planning and Control – 33
CHAPTER THREE: SUMMARY, CONCLUSION AND RECOMMENDATION
3.1 Summary – – – – – – – – 35
3.2 Conclusion – – – – – – – – 36
3.3 Recommendation – – – – – – 37
Bibliography – – – – – – – – 40
1.1 Background of the Essay
This essay is aimed at establishing the importance of production planning and inventory control in an organization with particular emphasis in the consideration on what the subject matter production planning, inventory control is all about to be emphasis in the introduction of the essay.
Basically, production refers to the transformation of raw materials into output, while production planning on the other hands is the determination of the production operation in a manufacturing unit.
Inventory technique is an internal control system that serves to ensure the maintenance of adequate inventory level in an organization. Moreover, inventory control represents the major capital investment in an organization.
The inventories in an organization function or stock record keepings stocks therefore can be seen as finished goods reader for sales. The importance of production planning and inventory control in an organization is to feed the organization with information about the stock of the organization in other to safeguard the organization from the risk of obsolesce of excess purchases of raw materials, it also ensure that the needed raw materials for production operation is constantly viewed or verified to meet the production. It also serves as a basis of which the purchasing as the stock inventory control will provide information about stock that are excess and those are by specification i.e. those are where the organization will likely be running of stocks.
Inventory Control in an organization is an important aspect in the daily life of an organization. This is because inventory control enhances organizational progress. The existing problem in this stock inventory control which instigate this standing to my point of view indirections. That is, it may be too large or too small so if it is large relative to it, the cost of carrying the inventory control will be equally higher than it needs be, while if it is too small, the cost of controlling the inventory will be small. Consequently, the inventory carrying cost include cost include such things as interest on the inventory management, handing cost depreciation and obsolesce.
1.2 Statement of the Problem
The basic significant statement of the essay is aimed at bringing a clear picture and transparent understanding of the essay “Production Planning and Inventory Control in an Organization”, it also embraces the problem facing the production sector, types of production and production planning methods of controlling inventories in an organization.
Furthermore, this essay entails all the necessary inventory techniques available in the management of