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Unformatted text preview: 1 INVENTORY CONTROL AND ECONOMIC ORDER QUANTITY IN NATIONAL ELECTRIC POWER AUTHORITY (NEPA) BY ABDUL MUMINI YUSUF BEING A DISSERTATION SUBMITTED TO THE ST CLEMENTS UNIVERSITY, IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF DOCTOR OF PHILOSOPHY IN MANAGEMENT ST CLEMENTS UNIVERSITY AUGUST, 2003. 2 DECLARATION I Abdulmumini Yusuf, do hereby declare that this dissertation is my own composition and where the works of other persons have been used or referred to, such sources have been duly acknowledged. ------------------------------------- Abdulmumini Yusuf 3 APPROVAL This is to certify that this research study was carried out under strict supervision and has been approved for submission to the St Clements University, in partial fulfilment of the requirements for the award of the Degree of Doctor of Philosophy, in Management. ------------------------------------ Project Supervisor -------------------------------------- Academic Adviser ------------------------------------- Administrator, St Clements University. 4 DEDICATION This work is dedicated to the almighty God for his mercy, guidance and protection, for seeing me through this programme, most successfully. 5 ACKNOWLEDGEMENT My special thanks go to the almighty Allah, who in his infinite mercy, gave me the grace, strength, health, endurance and foresight to undertake this project and complete it to the satisfaction of St Clements University. I wish to acknowledge most especially, the contribution of Prof. David Iornem, my Academic Adviser and Supervisor for his tremendous guidance and critique, which added substance to the work. Also, I extend my appreciation to Mr. Edward Kuruku, of the institute of management consultants, Kaduna for assisting with relevant materials. Finally, I thank all those who in one way or the other, have contributed to the successful completion of this work, I say may God bless Amen. 6 ABSTRACT This project is primarily concerned with the analysis of management of stock in public utility companies with particular reference to the Distribution and Marketing department of the National Electric Power Authority (NEPA). In doing this, the researcher briefly explain some of the general problems facing the stores control functions in many organizations and went on to touch on the background of the subject matter where some of the activities of the organization were highlighted. Some of the problem facing stores control systems were highlighted to include the dearth of qualified stores personnel, overstock and sometimes under stocking, pilferages, deterioration, obsolence and insufficient store materials. The research work further reviewed related literature on the subject matter to sample the opinions of various authors on the subject. The review of related literatures centred on inventory control, stock control, problems in accounting for stocks, products procurement and management, reasons for holding stock, stores control, stock taking and stock checking, cyclical provisioning, stock record system, among others. stock checking, cyclical provisioning, stock record system, among others....
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This note was uploaded on 01/23/2012 for the course ECON 261 taught by Professor George during the Spring '04 term at Illinois Tech.

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doc14 - 1 INVENTORY CONTROL AND ECONOMIC ORDER QUANTITY IN...

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