Impact of Effective Inventory Management and Control on Growth of Manufacturing Firms: A Study of Pz Cussons Pic Aba, Abia State:- Ashimole, Faustina
ABSTRACT
The study examined the impact of effective
inventory management and control on growth of manufacturingfirms: a study ofPz
Cussons Pic Aba, Abia state Nigeria. The objectives ofthe study is to examine
the nature of relationship between inventory management and firm's
effectiveness, to determine the impact of inventory management on firm's productivity
and to evaluate the nature ofcorrelation between inventory management
andfirm'sprofitability. A set ofstructured questionnaire was used as
instrumentfor data collection and administered to 140 respondent which was
randomly selected using Taro Yamane and 104 were duly filled and returned. The
datawasthen analyzedusingSPSS version. The resultshowed, that inventory control
has a positive but insignificantrelationship withfirmproductivity. The
mainfinding ofthis study is that inventory management andproxy variables show a
strong positive relationship with firm productivity. The study therefore
conclude thatfirms integrated efforts oftop management and other staff is
required to achieve adequate inventory control and hence firm's productivity.
Furthermore, the studyrecommendsthatthere isaneedfor aPZCussonsPicAba to
continuously train inventory managersandsupervisorsto enhance manpower
andimprove the knowledge, skills and attitude required by employees to perform
adequately and promote organizational productivity.
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ASHIMOLE, F (2023). Impact of Effective Inventory Management and Control on Growth of Manufacturing Firms: A Study of Pz Cussons Pic Aba, Abia State:- Ashimole, Faustina. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-effective-inventory-management-and-control-on-growth-of-manufacturing-firms-a-study-of-pz-cussons-pic-aba-abia-state-ashimole-faustina-7-2
FAUSTINA, ASHIMOLE. "Impact of Effective Inventory Management and Control on Growth of Manufacturing Firms: A Study of Pz Cussons Pic Aba, Abia State:- Ashimole, Faustina" Mouau.afribary.org. Mouau.afribary.org, 13 Nov. 2023, https://repository.mouau.edu.ng/work/view/impact-of-effective-inventory-management-and-control-on-growth-of-manufacturing-firms-a-study-of-pz-cussons-pic-aba-abia-state-ashimole-faustina-7-2. Accessed 24 Nov. 2024.
FAUSTINA, ASHIMOLE. "Impact of Effective Inventory Management and Control on Growth of Manufacturing Firms: A Study of Pz Cussons Pic Aba, Abia State:- Ashimole, Faustina". Mouau.afribary.org, Mouau.afribary.org, 13 Nov. 2023. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-effective-inventory-management-and-control-on-growth-of-manufacturing-firms-a-study-of-pz-cussons-pic-aba-abia-state-ashimole-faustina-7-2 >.
FAUSTINA, ASHIMOLE. "Impact of Effective Inventory Management and Control on Growth of Manufacturing Firms: A Study of Pz Cussons Pic Aba, Abia State:- Ashimole, Faustina" Mouau.afribary.org (2023). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-effective-inventory-management-and-control-on-growth-of-manufacturing-firms-a-study-of-pz-cussons-pic-aba-abia-state-ashimole-faustina-7-2