The Impact of GAAP/PASTEL Inventory Control System on the Security of Manufacturing Company: A Case of NOVAFEED · Electronic Theses and Dissertations

Author

Chibanda, Gerald F

Title

The Impact of GAAP/PASTEL Inventory Control System on the Security of Manufacturing Company: A Case of NOVAFEED

Abstract

Using the case of Novafeed this research sought to analyze the relationship between GAAP/Pastel inventory control system and their security in a manufacturing organization. The research made use of relevant literature review on the history of inventory management from the beginning, industrial era, into the future and further advancement into inventory management, this research also identified the challenges of mistakes, fraud, and theft, large monetary losses, harm to a company's reputation, or even service delivery associated with the inventory control systems .The researcher used qualitative approach and the participants were selected using the purposive sampling as they are exposed to the investigations of matter and the data was collected using questionnaires and interviews. The response rate of 84.3% was obtained from the target sample size of 27 participants. Data was presented using tables and summaries. The findings revealed that though the top management says the system is effective because they have invested money on the inventory control system that they are using now but the user of the system highlighted that they are hiccups on the system which makes it not effective enough because of stock outs, stock not tallying and ineffective stock forecast. There were noted as the drivers to the poor performance of the company and service delivery. The challenges noted was that the system is not performing well to its expected potential and it has to be given attention by looking for another inventory control system also the researcher suggested that excessive regulations, strict rules and policies should be in place and that safety stock, maximum stock levels and minimum stock levels should be developed to prevent supply shortages in order to achieve effective inventory management .The researcher recommended the company to try SAP inventory control system for the betterment,safety and secure way to monitor and track their inventory

Date

2022

Publisher

BUSE

Keywords

GAAP/PASTEL

Inventory Control System

Supervisor

N/A