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The Impact Of Material Handling Cost Reduction Effort In Public Institution
[A CASE STUDY OF PHCN, KADUNA]
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1.5 Delimitation of the Study
The
scope of these study is restricted and confined to the material handling
system in public institutions from 2007-2009 with the population of 250
staff drawn from production, materials management, power plant and
utility units and a sample size of 50 which represent 20% of the
population.
The study seek to established the impact of effective
method of material handling on the profitability of PHCN putting into
consideration the enormous materials that serve as input for the
organization.
1.6 Research Questions
To measure the impact
of material handling to the profitability of PHCN, the researcher has
drawn up some research questions which are:
i. What is the rate of materials availability in the organization under study?
ii. Why is material handling system ineffective in PHCN?
iii. What are the effects of deficiencies in material handling system in profitability level in PHCN?
iv. What are the factors responsible for poor performance in material handling?
v. What are the remedies for improving efficiency of material handling system in PHCN?
1.7 Definition of Terms
Stock: All the tangible asset of a company other than the fixed asset.
Control: Standard set for checking the result of an activity.
Profitability: Adding or bringing to profit of an organization.
Stock taking: This is a complete process of writing the quantity balance of the entire range of items held in stock.
Stock Checking: This is any other check on physical quantity which may be applied either regularly or intermittently.
Redundant: Holding excess stock over normal equipment.
Materials: These are components, spare parts, semi processed goods in an organization.
Store: Is the place where all raw materials, component parts, are held for safe keeping.
Stock out: It is not having the required parts or materials on hand when and where they are needed.
Stock level: Is a predetermined quantity of stock to be held.
Obsolete:
When an item is no longer usable by the organization concern because of
a change in operational practice or method of production.
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