Impact Of Inventory Management On The Performance Of Selected Manufacturing Companies In Nigeria (A Case Study Of Pz Cussons Nig. Plc)
ABSTRACT
Problems of inventory management and control have been
around for a very long time. The need to collect goods when it is readily
available and then store it for times of shortage is perhaps the fundamental
stock holding problem which was tackled long ago by man. Nowadays, we usually
think of stocks being held by organizations to allow efficient and continuous
operations. The study aimed at determining the impact of inventory management
on the performance of selected manufacturing companies in Nigeria. This
research project reviews nature of inventories, reasons and importance of
holding inventories, inventory control techniques, and also price valuation
techniques with its relevance to firm 's financial statement. The source of
data used was strictly secondary source using PZ Cussons Nig. Plc 's annual
reports. Data collected were analyzed using tables while the hypotheses were
tested using the multiple regression models. The study found out that PZ
Cussons Nig. Plc operate inventory level that minimize the total ordering and
holding costs, avoiding stock outs, excess stockholding, productions breaks
etc. it there/bre, recommends that inventory should he taken seriously in the
firm as this is likely going to make the control in stock system more effective
and thus, lead to actualization of profit maximization. Also , the need for
management of manufacturing firms to formulate inventory policies that will
result in optimum inventory investment, promote efficiency and control errors,
fraud and waste were also recommended.
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NJOKU, A (2021). Impact Of Inventory Management On The Performance Of Selected Manufacturing Companies In Nigeria (A Case Study Of Pz Cussons Nig. Plc). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-on-the-performance-of-selected-manufacturing-companies-in-nigeria-a-case-study-of-pz-cussons-nig-plc-7-2
AMADI, NJOKU. "Impact Of Inventory Management On The Performance Of Selected Manufacturing Companies In Nigeria (A Case Study Of Pz Cussons Nig. Plc)" Mouau.afribary.org. Mouau.afribary.org, 05 Oct. 2021, https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-on-the-performance-of-selected-manufacturing-companies-in-nigeria-a-case-study-of-pz-cussons-nig-plc-7-2. Accessed 01 Nov. 2024.
AMADI, NJOKU. "Impact Of Inventory Management On The Performance Of Selected Manufacturing Companies In Nigeria (A Case Study Of Pz Cussons Nig. Plc)". Mouau.afribary.org, Mouau.afribary.org, 05 Oct. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-on-the-performance-of-selected-manufacturing-companies-in-nigeria-a-case-study-of-pz-cussons-nig-plc-7-2 >.
AMADI, NJOKU. "Impact Of Inventory Management On The Performance Of Selected Manufacturing Companies In Nigeria (A Case Study Of Pz Cussons Nig. Plc)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-on-the-performance-of-selected-manufacturing-companies-in-nigeria-a-case-study-of-pz-cussons-nig-plc-7-2