Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria)

ORJI JEFFREY CHIEDOZIE | 72 pages (11615 words) | Projects

ABSTRACT

The study investigated the effectiveness of inventory management in a manufacturing company. The major objectives of the study are to determine the extent to which ineffective 1'nanagement of inventory affects productivity in the company and to examine the extent to which insufficient inventory of finished goods affects sales volume of manufacturing companies. To achieve the objectives of the study, survey research design was adopted. The researcher adopted primary and secondary data in getting the required information. In testing the hypothesis regression analysis was adopted. The findings in chapter four reviewed that Ineffective management of inventory has a significant effect on the productivity in the company. The findings also reviewed that Insufficient inventory of finished goods has a significant influence on sales volume of manufacturing companies. Researcher recommends that the company should provide a cost unit to take the responsibility of standard costing. The findings also reviewed that the cost unit should exclusively be responsible for providing standard costing information in the company. The researcher recommends that company should try by all means to adhere to inventory polices made. A situation is a case whereby materials or items are allowed to leave the stores without proper requisition, this shows that the internal control is weak. In order to ensure that the company adheres to inventory policies, under no circumstance should items of inventory be allowed to leave stores without proper requisition.

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APA

ORJI, C (2021). Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria) . Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-business-organization-in-nigeria-a-study-of-ama-greenfield-breweries-plc-enugu-nigeria-7-2

MLA 8th

CHIEDOZIE, ORJI. "Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria) " Mouau.afribary.org. Mouau.afribary.org, 30 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-business-organization-in-nigeria-a-study-of-ama-greenfield-breweries-plc-enugu-nigeria-7-2. Accessed 02 Nov. 2024.

MLA7

CHIEDOZIE, ORJI. "Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria) ". Mouau.afribary.org, Mouau.afribary.org, 30 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-business-organization-in-nigeria-a-study-of-ama-greenfield-breweries-plc-enugu-nigeria-7-2 >.

Chicago

CHIEDOZIE, ORJI. "Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria) " Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-business-organization-in-nigeria-a-study-of-ama-greenfield-breweries-plc-enugu-nigeria-7-2

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