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Assessment Of The Need For Effective Stores Records In The Public Sector Stores
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1.2 STATEMENT OF PROBLEMS
Effective
store recording system is indispensable for accountability and audit
purpose in public sector. Thus, the quality of stock record to a larger
extent determine and influence stock system in public services.
Hence,
Owerri Municipal Council have made tremendous efforts to ensure that
proper stock recording system are in place in the council. Despite this
effort, the problems of stock recording and it lingering implication and
consequences on the store and accounting system of Owerri Municipal
Council have been identified as being enormous and complex. These
problems ranges from loss of stock item, shortage of stored goods, poor
storage of goods, improper stock recording loss of stock report and
other stock practices in the council. It was also observed that as a
result of poor storage of stock item, most store materials have become
obsolete and some other out used/outdated. Another basic problem
identified is that out dated and obsolete stock are not properly
disposed or removed from the store following the necessary procedures
for such goods/stocks.
In view of these identified problems, these
research work on the need for effective store record in Owerri Municipal
Council is aimed at identifying the following:
i. Are there functional stock recording procedure in Owerri Municipal Council?
ii. Are there periodic stock taking/counting in Owerri Municipal Council?
iii. Are there qualified store personnel in Owerri Municipal Council?
iv. Do personnel in Owerri Municipal Council steal goods/stock from the store?
v. Are store recording activities done in accordance with existing stock recording laws and financial regulation?
vi. What are the various strategies of stock recording in Owerri Municipal Council?
vii. Are there necessary machinery put in place for effective store recording in Owerri Municipal Council?
viii. Are there ways of reconciling stock discrepancy in Owerri Municipal Council?
1.3 OBJECTIVES OF STUDY
Based on the identified problem, these research work is aim at achieving the following;
i. To examine if there are functional stock recording procedure in Owerri Municipal Council.
ii. To ascertain if there are periodic stock taking/counting in Owerri Municipal Council.
iii. To find out if there are qualified store personnel in Owerri Municipal Council.
iv. To know if personnel in Owerri Municipal Council steal goods/stock from the store.
v.
To ascertain if the stock recording activities is done in accordance
with existing stock recording laws and financial regulations.
vi. To examine the various strategies of stock recording in Owerri Municipal Council.
vii. To know if the necessary machinery put in place are effective in stock recording in Owerri Municipal Council.
viii. To ascertain the various ways of reconciling stock discrepancy in Owerri Municipal Council.
1.4 THE SIGNIFICANT OF THE STUDY
Apart
from being a partial fulfillment for the award of National Diploma,
these project will also be relevant and significant to scholar, students
and even Owerri Municipal Council store department.
This study is
relevant in that, it will help the researcher to conduct a practical
investigation on the importance and need of store record in public
sector management.
When this project work is completed, it will
provide useful information to public sector management and establishment
that make use of store record especially in Owerri Municipal Council.
This
research work will also provide useful information on store records and
store record procedure in public sector for students and other
researchers who might be interested in carrying out various research of
the subject matter.
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ABSRACT - [ Total Page(s): 1 ]Stock like the human beings are important elements of an organization. As such, effective and efficient store record system is necessary for good management and administration of stocks in the organization. In the face of a weak private sector driven economy, the government have decided to provide for majority of the amenities, facilities and development needed to keep the economy growing. These in return have made the government to be involved in Business even when governments have no Biz in Bi ... Continue reading---
