Examination of Various Stock Control Techniques in Selected Hotels in Imo State

Abstract

The work surveyed the various stock control techniques in selected hotels in Owerri. In carrying out this study, ten different hotels were selected in Owerri, Imo State. A total of 136 copies structured questionnaire were used to collect data and the data collected were analyzed using simple percentage. The study was guided by six objectives formulated to ascertain whether the hotels have streamlined purchasing procedures, document for keeping records of stock, equipment for storing various items, trained staff in stock control techniques, use First –In-First Out method of issuing out items and also whether they have alternative sources of power. The stated hypotheses were drawn in conformity with the stated objectives and were tested using Chi-square. The results obtained showed that the hotels have: streamlined purchasing procedures,  document for keeping records of stock,  equipment for storing various items, trained staff in stock control techniques, use First –In-First Out method of issuing out items was used in issuing out items and also have alternative sources of power as the various control techniques.. It was therefore concluded that the selected hotels have various stock control techniques. It is therefore recommended that for any hotel to operate effectively, it should have streamlined purchasing procedures, have document for keeping records of stock, they also should use First In First Out method of issuing out items and  should have an alternative means of power supply in addition to the public power supply.

Keywords: Control, Control Techniques, Stock Control, Wastes reduction and Organization Inventory