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dc.description.abstractPurpose: The main goal of this dissertation is to evaluate the stock control systems of Maltese supermarkets. It aims to determine the procedures of the stores, accounting and finance function in relation to stock control. It also identifies and evaluates the techniques which are being used by Maltese supermarkets for controlling and valuing inventory. It also analyses the procedures that are used by Maltese supermarkets to carry out stock-taking. Finally, it determines the internal controls which are used by Maltese supermarkets to prevent theft or fraud. Design: A qualitative approach was adopted to deal with the research objectives. Data was obtained mainly through fourteen semi-structured interviews with various managers, directors, accountants and financial controllers of supermarkets. Findings: Currently, purchase orders are issued by suppliers’ sales persons and supermarkets’ purchasing managers. Upon delivery, each supermarket performs quality checks on a sample of items in order to detect any expired or damaged items. In the majority of supermarkets, the accounts function is carried out in-house. Every supermarket prepares management accounts and stock control reports to evaluate and assess its performance. The main source of finance used by supermarkets to finance stock is the internally generated funds. The stock control techniques which are used by Maltese supermarkets are stock levels, stock turnover, JIT, Barcode and RFID tags. Every supermarket uses a similar method to carry out stock-taking. Currently, each supermarket makes use of sufficient measures and controls to prevent theft or fraud from happening. Conclusions: Maltese supermarkets are using appropriate stock control measures which are giving adequate results. However certain supermarkets are letting suppliers’ sales persons to issue a purchase order and to enter in the stores. Moreover any material discrepancy is being ignored by every supermarket. If these supermarkets allow only the purchasing managers of supermarkets to issue purchase orders, restrict the access of the stores to staff only, and evaluate non material discrepancy as well, the supermarkets will improve their stock control system. Value: The findings of this study will provide relevant information to prospective managers, directors, financial controllers and accountants about the stock control systems which are in place in Maltese supermarkets. Furthermore, this study might be used as a reference by these persons to help them manage inventory better.en_GB
dc.subjectSupermarkets -- Maltaen_GB
dc.subjectInventory control -- Maltaen_GB
dc.subjectInventory control -- Data processingen_GB
dc.titleAn evaluation of stock control in Maltese supermarketsen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Accountancyen_GB
dc.contributor.creatorAgius, Darren
Appears in Collections:Dissertations - FacEma - 2015
Dissertations - FacEMAAcc - 2015

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