Effect Of Inventory Management On The Profitability Of Business Organization In Nigeria (A Study Of Ama Greenfield Breweries Plc, Enugu, Nigeria)
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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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 27, 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
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 27 Nov. 2024.
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. 27 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 >.
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 27 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