CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be overemphasized as it is a…

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be overemphasized as it is a means…

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY There is a growing emphasis on the importance of inventory management in the attainment of organizational goal. In manufacturing companies where stock of raw materials and other component parts consists of many…