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Strategies For Effective Store Management Operation In Industry
[A CASE STUDY OF VITAMALT PLC AGBARA]
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1.5 SCOPE AND LIMITATIONS OF THE STUDY
The scope of the study “STRATEGIES FOR EFFECTIVE STORE MANAGEMENT IN PRODUCING ORGANIZATION, a case study of vitamalt plc, is therefore to cover diverse area of high relevance to all producing organization.
The areas to be covered are the following:
a. The positive effects of store management
b. The nature of material to be stored and their life-span in the store
c. How fraud can be detected and prevented in the store
d. The procedure for issues of store items and receipt in the store.
Needless to say that uneasy to the way of success many constraint and lordship stood between us and the project in spite of our continuous explanation that the exercise is for academic purpose only yet, among personal withheld vital facts from us.
Lack of fund, at the time of this research study, the money needed for implement was not sufficient.
Time factors, the fact that research project is part of the school, there was no enough time to get details of the research study as expected.
1.6 DEFINITION OF TERMS
STORE: It is a general term describing the goods which are held in storehouse and stock house.
STOCK: It refers to all materials, part supplies; expenses; work in progress or finished product recorded on book by an organization and kept in store room.
STRATEGIES: It simply means procedure in planning and directing of the whole operation of policies.
EFFECTIVENSS: having an intended or expected result
PROMOTION: One of the major marketing mix variables concerned with informing the target customers that the right product is available at the right place, at the right price.
ADVERTISING: Is any paid form of impersonal presentation of product or ideas of commercial significance to prospective buyers. It involves presenting to a group orally visual or openly through one or more media and it is paid for an identified sponsors.
SECURING ACTION: The climax of the sales presentation is the securing of sales action.
The sales may be determined with the customer’s decision to by or not buy.
SALES PROMOTION: It is any activity that is used to stimulate sales of a product a services and usually accruing once over a limited period of time such as sales conducted by a retail store featuring reduction on money items of merchandise.
PLAN OF THE STUDY
The vitamalt plc, which specialize in the manufacturing of vitamalt drinks. The increasing demand of quality soft drinks by individuals and co-operated bodies which leads to the expansion of the present lines were embarked upon to increase the output. The increase in the purchase of raw material and modern machinery made provision for extension to store system into sub-store to meet demand from different production line. It’s noted that about 45% of the company raw material are imported while 55% are produce less quality and sub-standard materials.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis research work focused on strategies for effective store management operation in industry, taking study of Vitamalt PLC Agbara, the research revealed that out of the characteristics of Vitamalt are taste, odour, brand, packaging and price; all equal significant effect on the preference of the beer product consume; Vitamalt is meant for both children and adult which give them strength. ... Continue reading---
