The abstract of my project entitled: An evaluation of inventory management system of a Solar Energy Establishment, a case study of Agilet Solar Energy Limited, Uyo.

This project entitled: An evaluation of inventory management system of a Solar Energy Establishment, a case study of Agilet Solar Energy Limited, Uyo by Akpan, Edidiong Samuel (09/BA/AC/927)



ABSTRACT
Inventory has been indentified by experts as the backbone of every enterprise, including construction and installation companies. Effective and efficient management of inventory is one of the core issue militating against their performance. The study was conducted at Agilet Solar Energy Limited, Uyo to examine the practice of inventory management in the company.  After identifying problems like lower customer services, higher costs incurrence, stocking of excessive inverters than are necessary, using poor processes, practices and antiquated support system and material shortages, data were sourced from both the primary and secondary sources. The descriptive and the analytical statistical techniques were adopted in conducting the study.  Sample sizes of 24 staff were selected from a population of 50 using the Yaro Yamen’s sample size determination formula. A total of 24 questionnaires were collated, analyzed and interpreted to validate the research questions and hypotheses, using simple percentage technique and chi-square method to test the hypotheses. The study revealed the company is fully aware of the existence of inventory management systems and also employs it in decision making. Revelation of inconsistency and inexperience staff were the prominent problems, detected and recommendations like staff training, computerized system and internal control system to enhance consistency were suggested by the researcher.