INVENTORY VALUATION MANAGEMENT AND CONTROL IN MANUFACTURING ORGANISATION

The need for holding inventories is invented in any business organization. The space of the inventory will be properly controlled so that the object of carrying or maintaining adequate inventory lauds at minimum cost can be realized. The study therefore, examined the system of stock valuation, controlled and management in Emenite Limited. Considering the nature of the study and the company, a lot of data were generated from questionnaire administration and proposal interview conducted on staff of the industry. Based on the method of data collection, the researcher found out that the system of inventory control is adequate in design and effective in operation as regards the determination of stock levels, which could be attributed to the use of scientific method in determining the quantity and time to order. The researcher strongly believe that proper and accurate recording of the bin cards, thee use of scientific method in stock level