VARIETY REDUCTION AS A TOOL FOR EFFECTIVE MATERIAL CONTROL ( A CASE STUDY OF COCA-COLA BOTTLING COMPANY, UYO)


VARIETY REDUCTION AS A TOOL FOR EFFECTIVE MATERIAL CONTROL ( A CASE STUDY OF COCA-COLA BOTTLING COMPANY, UYO)  

Abstract:

This research study is based on variety reduction as a tool for effective material control, a case study of Nigeria Bottling Company Plc. To understand the research work better, efforts was made at the introductory stage to explain the general importance of variety reduction with special consideration being placed on company especially Nigeria Bottling Company Plc, Kaduna. Also the general problem was also emphasized on such non recognition of the role of variety reduction on storage of different articles that can serve the same purpose. Effort was also made to identify the purpose of the study such as the degree of importance attached to variety reduction, areas covered by variety reduction and its operational activities. It also focused on its significance to the organization, the academics, the populace and the researcher. Research question were also generated to determine the importance the organization placed on variety reduction and how variety reduction facilitate the organization operational efficiency. The survey research design is employed; also simple random sampling procedure was employed. The researcher used questionnaire and documentary sources. The likert four rating scale technique is used to analyze the data, findings made among which are, that the organization considered variety reduction to facilitate the organizational efficiency and that the variety reduction minimizes cost and avoid storing the same item that can serve the same purpose in making material available in the store. However, the researcher summarized and concluded the research study and made recommendations to the company, amongst which are formulation of variety reduction policy to align with the vision and mission of the organization, always employed a competent hand to handle variety reduction activities, to strive as much as possible to create a variety reduction unit to be controlled by a qualified store manager, purchasing and supply officer and engineer.

Table of Contents

Title                                            i

Approval                                        ii

Declaration                                         iii

Dedication                                        iv

Acknowledgement                                    v

Abstract                                        vii

Chapter One: Introduction

1.1    Background of the Study                            1

1.2    Statement of the Problem                            2

1.3    Objectives of the Study                            3

1.4    Significance of the Study                            4

1.5    Scope of the Study                                5

1.6    Research Question                                6

1.7    Definition of Terms                                7

Chapter Two: Literature Review

2.1    Conceptual Framework of Variety Reduction                9

2.2    Stages of Variety Reduction                        18

2.3    Areas covered in Variety Reduction                    19

2.4    Reasons for Variety Reduction                        21

2.5    Benefits/Advantages and Disadvantages of Variety Reduction        21

2.6    Why should the variety be controlled                     24 

2.7    How does Variety Reduction tend to Increase                24

2.8    How to Control Variety Reduction                    25

2.9    Materials Control                                26

Chapter Three: Research Methodology

3.1    Area of Study                                27

3.2    Research Design                                28

3.3    Population of the Study                            29

3.4    Sample for Data Collection                            29

3.5    Instruments for Data Collection                        30

3.6    Administration of the Instrument                        30

3.7    Techniques for Analyzing Data                        31

Chapter Four: Presentation and Analysis of Data

4.1    Presentation of Results                            33

Chapter Five: Summary, Discussion, Conclusion and Recommendation

5.1    Summary of Procedure                            43

5.2    Discussion of Finding                            44

5.3    Implication of Finding                            46

5.4    Conclusions                                    47

5.5    Recommendations                                48

5.6    Suggestion for Further Study                        49

Bibliography                                     50

Appendix       

CHAPTER I: Introduction

1.1    Background of the Study

Variety reduction can be applied to any production process. The technique certainly has more effect if applied in the right place and at the right time.

Apparently in many organization, it is clearly to see organization be it manufacturing holding different number of types, size or grade of a product that can perform the same function, this means duplication of items, the cost of materials is the last remaining cost that is truly variable, a reduction in the cost of material clearly offers on usual opportunity for profit improvement, therefore the need for purchasing to minimize  waste and enhance maximum services within the organization has resulted in the use of variety reduction. Variety reduction can make a substantial savings in inventory by standardizing and rationalizing the range of materials, parts and component kept in store. Variety reduction can be achieved by using, so far as possible, standardized components and subassemblies to make end products that are dissimilar in appearance and performance so that variety of final products uses only a few basic components, variety reduction can also be applied when considering capital purchases, by ensuring compatibility with existing machinery, the range of spares carried to ensure against breakdowns can be substantially reduced also variety reduction can be undertaken periodically to examine arrange of stock items to determine

the intended use for each item of stock, how many stock item serve the same purpose, the extent to which items having the same purpose can be gives a standard description, what range of sizes is essential and lastly what items can be eliminated all these are done to ensure effective material control. Therefore, variety reduction can be defined as “the process of reducing the number of types, size or grades of a product that are purchase made or stocked (Hassan 2008 p. 445).

1.2    Statement of Problems

Among the objectives of all private sector is to maximize profit and reduce costs. These objectives can be achieved in material control aspect of the organization by imploring a strategy that will help or ensure that the number of types, sizes or grades of a product held in the organization are not duplicated when purchased, this will help in investing minimum cost on materials. But is quite unfortunate that these objectives are rarely achieved as a result of non recognition of the role of variety reduction in an organization as a tool for effective material control.

Variety reduction is the process used to describe standardization and simplification where different items that are capable of performing the same function are carried in large quantities, variety reduction is required but hardly did any organization take cognizance of this vital function as a tool for effective material control, as a result many organizations continue to hold materials, parts, items that are similar and capable of performing the same function this affect the material control unit of the organization efficiency be holding excess stock.

Variety reduction helps to reduce the number of varieties in the store, it also help to stipulate suitability of purpose, reduce the stock held and its associated cost another importance of variety reduction is to establish datum as a basis for development, but despite all these importance of variety reduction to an organization the researcher observed that most organization lost foresight of this important function that required a proactive approach for better control of materials held in an organization.

Also variety reduction assist the organization in avoiding buying different types of item that can serve the purpose, quicker and effective stock taking, reduce obsolete, overhead cost, it also facilitate easier inspection due to product uniformity and easier stock control and less storage space required, in view of all these benefits of variety reduction to an organization, the researcher observed that hardly can any organization show a unit or professionals bestowed with the responsibility of performing this vital function as a result many of these benefits are not derived by organizations.

1.3    Objectives of the Study

The purpose of embarking on this research work by the researcher is to determine the effect of variety reduction on materials control.

Specifically, the research work is set out;

⦁    To determine the areas covered by variety reduction in an organization is, Nigeria Bottling Company Plc Kaduna.

⦁    To determine stages of variety reduction that can facilitate the organization’s operational efficiency.

⦁    To determine if the benefit of variety reduction can minimize cost in the organization.

⦁    To determine if the reasons for variety reduction can improve quality production in the organization.

⦁    To determine why variety reduction should be control through                                                    the importance attached to variety reduction.

1.4    Significance of the Study

This study will bring to light the effect of variety reduction on materials control in Nigeria Bottling Company Plc Kaduna plant.

The study will also be of great benefit to potential investors, those in academics, other researcher in business management fields and the entire populace.

The significance of the research work to the organization is to provide them with relevant information on how important variety reduction is in facilitating organizational efficiency, productivity and materials control and also to change their orientation in terms of how best to manage, maintain and handle their material or inventory level and this will also be applicable to other industries that is into production activities.

The study will also be of immense benefit to the potential investors, in the sense that it will provide them with freehand information on how important variety reduction is in promoting material flow. In the academics, the research work can stand as a study material and reference book they can consult to broaden their knowledge on what it meant by variety reduction.

The research work will also serve as a reference book to the other researcher on this type of project topic. To the entire populace, come across this research work, the research work will provide them with the knowledge on how important variety reduction is to an organization and it will also add value to their knowledge.

The research work is embarked on by the researcher to broaden and ad value to his knowledge on variety reduction on materials control.

Lastly, the research work is also a requirement in fulfillment for the award of Higher National Diploma in Purchasing and Supply Department of Kaduna Polytechnic.

1.5    Scope of the Study

This research work is based on variety reduction as a tool for effective material control. A case study of Nigeria Bottling Company Plc Kaduna plant which is situated at Kaduna South industrial layout Kaduna, Kaduna State.

The researcher intends to examine the extent to which variety reduction techniques if applicable may lead to effective material controls in the organization.

The findings of this research work will primarily base on the data collected from the staff of the plant draw from the stores, design, production, suppliers and purchasing and supply personnel of Nigeria Bottling Company Plc Kaduna Plant.

1.6    Research Questions

This study will attempt to provide answers to the following research questions:

⦁    What are the areas covered by variety reduction?

⦁    To what extent the stages of  variety reduction facilitate the organization operational efficiency?

⦁    How the benefit of variety reduction does minimizes cost in the organization?

⦁    How do reasons for variety reduction improve quality production in the organization?

⦁    What importance does the organization attach to variety reduction?

1.7    Definition of Terms

Material Control: Is a key activity which covers a wide range of different tasks from the moment the product is designed up to and including its final delivery.

Standardization: Is a process of reducing the number of varieties stocked to a controlled workable minimum.

Simplification: Is the elimination of all labour and materials that are absolutely essentials so that more effective production can be carried out.

Redundancy: Is the excess over the normal holding of stock.

Surplus Materials: Having more than what is required or necessary.

Variety Reduction: Is the process of reducing the number of types, size or grades of a product that are purchased, made or stocked.

Store: Is a place where goods are kept upon onward delivery.

Suppliers: Those that supply or makes material available to an organization when needed and when required.

Value: Is the cost from which the function of a product or service may be obtained or accomplished at a form or place with the require quality.

Value Engineering: This is simply the application of value technique to a ‘new’ product, process, components and system, commencing with the conceptual design or prototype stage of the product.

Value Analysis: Is a tool or technique for identifying unnecessary cost factors with a view to eliminating or reducing them.

Cost: What it takes to make or buy a certain material or product.

Organization: Is the process of dividing work into convenient tasks or duties, by creating and maintaining like-groups to achieve specific objectives.

Personnel: The human resources and labour relations function.

Purchasing: The buying of required equipments, materials and services.

.

VARIETY REDUCTION AS A TOOL FOR EFFECTIVE MATERIAL CONTROL ( A CASE STUDY OF COCA-COLA BOTTLING COMPANY, UYO)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.