Effect Of Inventory Management On The Profitability Of Manufacturing Companies In Nigeria (A Study Of Guiness Plc).:- Mbanefo Chinedu I.
ABSTRACT
Inventory management has remained one ofthe
organizationalpriority in terms ofefficiency and effectiveness. The entire
concept ofcontrol is to save time and reduce waste thus inventory management
has been adopted by severalfirms and companies to facilitate efficiency and
effectiveness. This work examined inventory control as means of promoting
organizational growth and performance. Basically his work adopted Guinness
Nigeria as a study area where their annual reportfor 10 yearsfrom 2006-2015.
Where the performance indicators Net Profit Margin (NPM), Return on Asset
(ROA), Return on Capital Employed (ROCE) and Asset change were adopted as
proxies. These were compared with the inventory turnover for the years ofstudy.
The regression Ordinary Least Square (OLS) was adopted and the descriptive
model was applied in to establish the relationship between Inventory Turnover
and performance indicators. The results showed that inventory turnover is
negatively related with NPM, ROCE,ROA and asset change. However, there were
positive changes in the performance indicators thus, this work concluded that
there is an impact ofinventory control as a toolfor organizational growth and
performance. Thus, this work recommended that since different companies and
organizations adopt different inventory management technique there should
befurther research on this topic and otherfacilitators ofperformance should be
researched on to know their impact.
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MBANEFO, I (2024). Effect Of Inventory Management On The Profitability Of Manufacturing Companies In Nigeria (A Study Of Guiness Plc).:- Mbanefo Chinedu I.. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-manufacturing-companies-in-nigeria-a-study-of-guiness-plc-mbanefo-chinedu-i-7-2
I, MBANEFO. "Effect Of Inventory Management On The Profitability Of Manufacturing Companies In Nigeria (A Study Of Guiness Plc).:- Mbanefo Chinedu I." Mouau.afribary.org. Mouau.afribary.org, 21 Feb. 2024, https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-manufacturing-companies-in-nigeria-a-study-of-guiness-plc-mbanefo-chinedu-i-7-2. Accessed 31 Oct. 2024.
I, MBANEFO. "Effect Of Inventory Management On The Profitability Of Manufacturing Companies In Nigeria (A Study Of Guiness Plc).:- Mbanefo Chinedu I.". Mouau.afribary.org, Mouau.afribary.org, 21 Feb. 2024. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-manufacturing-companies-in-nigeria-a-study-of-guiness-plc-mbanefo-chinedu-i-7-2 >.
I, MBANEFO. "Effect Of Inventory Management On The Profitability Of Manufacturing Companies In Nigeria (A Study Of Guiness Plc).:- Mbanefo Chinedu I." Mouau.afribary.org (2024). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-the-profitability-of-manufacturing-companies-in-nigeria-a-study-of-guiness-plc-mbanefo-chinedu-i-7-2