Assessment of inventory management system in public institutions, case of Wolkite University

Abstract

This study tried to assess internal control over inventory system in Eden spring water S.C. Inventory control is a system or a process concerned with the acquisition, storage, handling and use of inventories to ensure the availability of inventory whenever needed. The main objective of this study is, to assess internal control system over inventory in Eden spring water S.C. The research methodology used was descriptive method, which is concerned with describing, recording, analyzing, reporting, and presenting result. The researchers conducted the study by using census method of survey. The study used primary data, was collected through questionaries’ and self-structured interviews. The collected data was analyzed by using percentile (table). Major finding in the study was indicates that internal control practice system is ineffective. The researchers have seen problems related to internal control practice such as Failure to records adequate documentation, inadequate policies and procedure. Finally, conclusion and recommendation was made on internal control over inventory. Researchers’ major finding was found, that averagely factory approved a well-written policies and procedure, which was importance role and the best guidance in internal control over inventory for the company. Recommendation was addressed “It’s better to follow strategic technique to increase effectiveness of internal control over inventory and give technical assistance to the employees.