1Emmanuel Ackah, 2Makafui R. Agboyi, 3Obiri-Yebaoh Hanson
1Kwame Nkrumah University of Science & Technology – Ghana, 2Accra Polytechnic – Ghana, 3Accra Polytechnic – Ghana
Abstract
Stock control has become has become one of the dimensions upon which companies compete on the global scale. Most companies even use complex computer models to manage their stocks. It has been realized that a firm’s strategic viability is now dependent on the ability of the firm to operate with substantially low stocks. Innovations in stock control assisted by technology can lead to the entire restructuring of industries. Recent technological development is making the system of stock control simpler and attractive. The entire stocks of pharmaceutical firms form their main working capital. Therefore, inefficiency in its stock control systems can cause the company to go into liquidation. Stock Control activities in pharmacies rage from ensuring that, there is an adequate selection of different types and sizes of drugs available in the stores and seeing to it that replacement of the drugs are timely. Effective stock control is known to reduce cost and enhance growth in business. However, the problem is to determine the extent to which stock management can reduce cost and ensure business growth. This motivated the researcher to research into the topic, stock control at Kojack Pharma Limited Takoradi
Keyword: Stock Control, Inventory Management, Pharmaceutical Stock Control, Medicine Stock Control
