IMPACT OF STOCK MANAGEMENT ON ORGANIZATIONAL PRODUCTIVITY (A STUDY OF FAN MILK PLC, IBADAN)

This study examined the impact of stock management on organizational productivity and was aimed at investigating the impact of stock management and its impact on productivity as well as ascertaining the problems and benefit to be gained from it. The study also attempted to determine the effect of stock management on organizational productivity. The method used in collecting data was a survey research method and the sample size used for the study was Hundred (100). One hundred (100) questionnaires were administered and a total of Ninety-six (96) were returned by the respondents who were chosen from Fan Milk Nigeria Plc, Ibadan. The outcomes of this study were presented in tables. The test result showed a significant relationship between stock management and organizational productivity and the result also showed that stock management also has relationship with productivity. This indicated that stock management was an important tool that could assist the organization to achieve her numerous objectives and improve productivity. The research recommended that managers must ensure that necessary materials are supplied to the department at the right time, so as to ensure effective and efficient operation in the organization, the store officer must also ensure regular inspection of the stores especially areas in which materials are stored and handled, to ensure that unused materials are carefully disposed.