Impact Of Inventory Management On The Organizational Performances

Download complete project materials on Impact Of Inventory Management On The Organizational Performances from chapter one to five

ABSTRACT

The manufacturing sector plays an important role in the Nigeria economy, therefore the study intends to evaluate the impact of inventory management on the organizational performance of some manufacturing organizations.

The study utilized primary data that were collected by means of questionnaire administered. A total number of 50 questionnaires were distributed purposefully and were analyzed by means of Simple percentage and chi-square ײ tests.

The findings of the study revealed that inventory planning management perceived to have significant effect on the organizational performance. 

This showed that inventory planning management is an importantapproach to achieving organizational performance. It was found that organizations benefits from this approachby way of easy storage and retrieval of material, improved sales effectiveness and reduced operational cost.

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The study concluded that effective inventory control management is recognized as one of the vital areas management of any organization should acquire capability.

The study recommended that organizations should be conscious of their production pattern which is a function of their product demand and try to tailor their inventory system toward that to avoid unavailability of one brand of their products and surplus of another at one time or the other.

TABLE OF CONTENTS 

Title page                

Declaration      

Certification        

Dedication           

Acknowledgement       

Table of contents

Abstract

 

CHAPTER ONE     

INTRODUCTION                                       

1.1       Background to the Study

1.2       Statement of the Problem 

1.3       Objectives of the Study

1.4       Research question 

1.5       Research hypothesis 

1.6       Significant of the study

1.7       Scope of the study 

1.8       Definition of the terms   

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1       Introduction 

2.2       Conceptual definition on inventory management by various authors

2.3       Various authors views on inventory management 

2.4     Organizational performance

2.5       Objective of inventory control

2.6       Classification of Inventory 

2.7       Inventory Planning Contro

2.8       Inventory control system 

2.9       Motive for holding inventories 

2.10     Methods of inventory management 

2.11     Theoretical frame work 

2.12     Inventory Management and performance 

2.13     Inventory Management and capital intensity 

2.14     Inventory management and financial performance 

2.15     The relationship between approaches of inventory control and financial

Performance   

2.16     Empirical Review on principles of inventory and material management, and the Impact of vendor managed inventory on the Bullwhip effect in supply chains

2.17     Summary of the chapte

CHAPTER THREE

RESEARCH METHODOLGY

3.1       Introduction 

3.2       Research Design 

3.3       Research Population and Sample Size 

3.4       Method of Data Collection 

3.5       Technique of data analysis 

3.6       Justification for the Choice of the Technique 

3.7       Summary of the chapter 

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1       Introduction 

4.2       Data presentation and analysis 

4.3       Testing of hypotheses 

4.4       Discussion of the findings 

4.5       Summary of the chapte

CHAPTER FIVE

SUMMARY, LIMITATION, CONCLUSTION AND RECOMMENDATIONS

5.1       Summary 

5.2       Limitations 

5.3       Conclusions 

5.4       Recommendations

Reference

CHAPTER ONE

INTRODUCTION

1.1  Background to the Study

Inventory management is a sensitive part of organizational resources that enhances the achievement of the organizations desire objectives. Every successful company will be inevitably traced to its solid foundation in planning and control, which serve as a management mechanism of control system. Therefore, inventory management is one of the good foundations that promises a successful future profitability and increases in return on total assets of organizations.

The term inventory as define by the American institute of accountant is the aggregate of those items of tangible property which are held for sales in ordinary course of business. Inventory also means record of items, commodities or other economic resources that are stored or used at any given point in time.

All the raw material parts, suppliers, expenses tools, work in progress and finished products are kept in the store or warehouse by an organization. Lam lee and bobber (1982:134).

The planning part of inventories involves forecasting the future demand for a company’s product with the aim of investing in inventories to meet such demand. Control of inventories basically entails the issues of how much inventories to carry and when to order for more.

1.2  Statement of the Problem

Manufacturing companies are expected to play a significant role in the growth and development of the Nigeria’s economy. This is possible by producing qualitative products at an affordable rate.

Preliminary investigation of the trends of production and sales in the Nigerian manufacturing companies have revealed a serious decline in both variables and by extension affect the profitability status of almost all the companies operating in the manufacturing sector.

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