Thesis Abstract

Abstract
Proper storekeeping in a manufacturing company is crucial for ensuring efficient inventory management and smooth production processes. This research project aims to highlight the significance of effective storekeeping practices in the manufacturing industry and the various benefits it offers to companies. The study explores the key components of proper storekeeping, including inventory organization, stock control, and warehouse management. Through a comprehensive review of existing literature and case studies, the research emphasizes the importance of maintaining accurate inventory records, implementing appropriate stock rotation techniques, and optimizing warehouse layout for easy access and retrieval of materials. The findings reveal that companies that prioritize proper storekeeping experience reduced stockouts, lower carrying costs, and improved order fulfillment rates. Furthermore, the research investigates the impact of technology on modern storekeeping practices, such as the use of inventory management software and automated systems for tracking and monitoring inventory levels. The study discusses how technology can enhance storekeeping efficiency by providing real-time data analytics, streamlining procurement processes, and minimizing human errors in inventory management. The project also delves into the role of trained storekeepers in maintaining organized and well-managed warehouses. It highlights the importance of regular training and development programs for storekeeping staff to ensure their proficiency in inventory handling, quality control, and safety regulations. The research underscores the need for companies to invest in skilled storekeepers who can contribute to optimizing inventory turnover rates and reducing operational costs. Moreover, the study examines the potential challenges and obstacles faced by manufacturing companies in maintaining proper storekeeping practices, such as inadequate storage space, lack of standardized procedures, and inefficient inventory tracking systems. The research provides recommendations for addressing these challenges, including implementing lean inventory principles, conducting regular audits, and integrating barcode technology for accurate inventory tracking. In conclusion, this research project underscores the critical role of proper storekeeping in the success of manufacturing companies. By adopting effective storekeeping practices, companies can enhance operational efficiency, reduce costs, and improve customer satisfaction. The findings and recommendations of this study aim to guide manufacturing companies in implementing best practices for storekeeping to achieve sustainable growth and competitiveness in the industry.

Thesis Overview

1.0  INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The stores function is a vital part of industrial concerns, public and private utility undertaking agricultural enterprises, municipal authorities, armed services and Government department and it must be design to suit the needs of the organization it services. There is therefore, no standard system which can be universally recommended or applied but in the course of time, certain principles and practices of more or less general application have been evolved. In this book it is proposed of examine at length some of these principles and practices but it must always be borne in mind that the conditions of operation are very diverse.

The importance of efficient storage and control of stock in indicated by the facts that according to the monthly digests of statistics published by him. Stationary office, the total value of stores in stock in the United Kingdom exceeds $13.000m.

Store keeping is a systematic procedure of recording transaction in this store, so that at any given time, the stock will show the actual stock position of each material held within the stores organization. In organization where redwing function, storekeeping spans through initiating purchasing, inspection operations and receipt of stock items, documentation to the issuing of material to user department of presentation of authorization. There is no universally recommended system of operation in different organization but the basic principle are properly, mastered, than their adaptation to any situation or condition will be an easy task

Storekeeping provides a supportive need to the functional areas of the organization, without which no organization can run efficiently and effectively. In industrial concern, store keeping provide services which lead to the production of goods in a manufacturing company.

1.2         STATEMENT OF PROBLEM

The need for proper storekeeping in an organization cannot be overstated. This is more important when there is need to maintain efficient and effective inventory control and management in an organization. The following problems has been identified by the research.

1.         Storekeeping and store keepers have no serious needs in inventory management in the organization

2.         Most personnel involve in store keeping and store control in experienced and skilled in the area of inventory management.

3.         The position of inventory control unit in the organization structure has negative effect on the activities of the storekeeper.

4.         Store keeping function is not recognized by top management as very essential.

5.         The process of storekeeping has move from minor to computerize system. There has not been any effort by to management to expose staff in value in storekeeping. The computer has to enable them acquire the needed skills and techniques.