Author: Eric Boafo Dadzie
Assistance Procurement Officer, Takoradi Polytechnic
Email: boafodadziee@yahoo.com
Abstract
It has been described in many business platforms that stores management have had positive impact on the operations of the manufacturing companies. This has compared the manufacturing companies to consider stores management as strategic function than just a clerical function. Due to strategic transformation in the business world, stores is now regarded as strategic function for cost saving and profit maximization. Stores as part of supply chain management, is one of the best techniques for purchasing goods, services and works which also guarantee value for money spent. The methods used for the research were documents reviewed and content analysis. The study established that stores has positive impact on manufacturing companies provided positive attitude is geared towards and this will usually enhance cost saving and improve profit maximization. The positive attitude is as follows: Stores need to be considered as a strategic function, qualified stores personnel need to be engage. From the research, it can be concluded that stores management has positive impact on the operations of the manufacturing companies, despite huge operational cost associated with it.
Key Words: Stores, Management, Strategic Function, Cost Saving and Profit Maximization.
