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This research is generally about the practice of setting inventory levels in Tanzania’s
private organizations with particular reference to Shoprite Tanzania. The researcher
briefly explains some of the general problems facing the stores control functions in
many organizations and went on to the background of the subject matter where some
of the activities of the organizations were highlighted. Among the problems facing
stores control systems highlighted by the researcher include overstocking and
sometimes under stocking, pilferages, deterioration, obsolesce and so on. These
problems are caused by a number of reasons including failure in setting suitable
inventory levels and putting them into practice as well. This is due to the fact that,
though some scholars’ have done efforts on it, the most references considered are
picked from developed countries.
The research work further reviewed related literatures on the subject matter to
sample the opinions of various authors. The review of related literatures centered on
inventory control, stock control, products, reasons for holding stock, stores control,
stock taking and stock checking, the real cost of holding inventory and many
others.The researcher noted that, there was a consensus among the authors on the
issue as mentioned above.
The study employed drafted questionnaires, personal interviews, and the use of
secondary data as the major instruments for gathering information. The findings
indicate that setting of inventory levels is a professional task and therefore specified
trained personnel are responsible for it, but the application of inventory management
techniques is the responsibility of all Shoprite community members. Shoprite
benefited by an average inventory level it prefers though there are constant
challenges. Based on the major findings from the field, conclusions were drawn and
recommendations made on how to ensure effective management of stocks, not only
in private organizations but also in all business organizations in the country to
forestall either stock out, over stocking or under stockings. |
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