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 Kenbart
Pharmaceutical Company, Obosi Anambra State. 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 believe that proper and accurate recording of bin cards and
the use of scientific method in stock level.
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