The role of proper store record system on productivity and profitability of manufacturing concerns. Case study: Igara growers’ tea factory in Bushenyi district.
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Date
2009-08
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Kampala International University, College of Economics and Management
Abstract
The study about the role of proper store record system on the productivity and profitability of manufacturing concerns was carried out in Igara Growers Tea Factory in Butare, Kyamuhunga, and 12km on Ishaka- Kasese Highway in Bushenyi District. The objectives of the study were; to assess the role of proper store records on productivity and profitability, to identify the relationship between proper store records and productivity and profitability, to identify the challenges faced and recommend the corrective measures to be taken to ensure proper productivity and profitability of manufacturing concerns. Literature of different authors was used to support this study. Only the employees were involved to provide the relevant data. Data collection was done using the questionnaires, interviews and observation. Data was then categorized, edited and coded and then presented into tables. Proper store record system improves productivity and profitability in a way that stock levels can easily be determined, stock counting becomes easier, theft is reduced in factory, proper identification of stock and there are challenges faced like untrained staff, slow up date of cards and higher price fluctuations. But the management has put in place workshops, recruited qualified staff and follow the re order levels. Generally the study proved that proper store record system plays a great role towards productivity and profitability of manufacturing concerns although there is still need for supervision with in stores management and allocation of duties properly among the staff.
Description
A research report submitted in partial fulfillment of the requirement for the Award of the Bachelor of Business Administration of Kampala International University
Keywords
Business administration, Store record system, Productivity, Profitability manufacturing, Igara growers’ tea factory, Bushenyi district