THE PLACE INVENTORY CONTROL MANAGEMENT (A CASE STUDY OF HALLIBURTON ENERGY SERVICING WARRI)

The main objectives or pre-occupation of any business oragnisation is profit. The company need profit to satisfy the owners, income to pay salaries of employees as well as to pay corporate taxes to government (so that they will be in a better position to be well omitted in other to keep the business a float to enhance the oragnisation set objectives. The need for efficient and inventory control and management in oil servicing company cannot be overemphasized or overstressed as it tends to be the pivot upon which any business oragnisation involving stocking rest. Profit maximization depends on proper inventory control and management without it on business might not operate profitability. Any business oragnisation can run for several days, weeks or months without inventory hence much important is adequately attached to its management it is noted that despite the fact that substantial fund are invented in inventory as control and management are placed in the hands of non professionals, those are made it impossible for many organisations to adopt the scientific method inventory control and management.