ABSTRACT
The title of this work is the effect
of inventory management methods on corporate performance of selected
manufacturing firms. The background of the study brings to limelight the fact
that manufacturing companies often shut down once in a while, not because of
labour unrest or government regulations but because management have failed to
answer some basic questions concerning inventory. The work set out an objective
which is to examine the effect of inventory management on the corporate
performance of manufacturing companies in Nigeria so as to determine the method
which tends to serve manufacturing needs adequately. It was declared as
statement of the problem that Nigerian manufacturing companies lack adequate
inventory control methods. The study adopted a survey method of data collection
using the instrument of question to collect data from the primary source. The
data collected was analyzed and the hypotheses tested using regression model
and Pearson correlation coefficient. It was found out that LIFO, FIFO and uT
methods are being applied in Nigeria by various companies, while some companies
make use of intuition to control inventories. It was recommended that the
manufacturing companies no matter how small should develop inventory control
methods suitable to the needs of the company and concluded by advising the
various companies to create more time in assessing the level of its inventory
so as to maximize profit, maintain goodwill of the firm and control a large
share of the market.
OJUKWU, E (2021). Effect Of Inventory Management Methods On Corporate Performance Of Selected Manufacturing Companies. . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-7-2
EBERE., OJUKWU. "Effect Of Inventory Management Methods On Corporate Performance Of Selected Manufacturing Companies. " Mouau.afribary.org. Mouau.afribary.org, 03 Aug. 2021, https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-7-2. Accessed 27 Nov. 2024.
EBERE., OJUKWU. "Effect Of Inventory Management Methods On Corporate Performance Of Selected Manufacturing Companies. ". Mouau.afribary.org, Mouau.afribary.org, 03 Aug. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-7-2 >.
EBERE., OJUKWU. "Effect Of Inventory Management Methods On Corporate Performance Of Selected Manufacturing Companies. " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-methods-on-corporate-performance-of-selected-manufacturing-companies-7-2