Effect Of Inventory Control On Profit Maximization In Selected Manufacturing Companies In Nigeria (A Study Of Nigeria Breweries Plc & Guinness Plc Nigeria)

ABSTRACT

The main objective of this research is to determine the effect of inventory control on profit maximization in two selected manufacturing company in Nigeria. The research reviewed other related topics and adopted survey research design. Data were collected from annual reports of the two selected manufacturing companies and was analyzed using correlation coefficient. The results revealed that inventory control has effect in PAT and sales of manufacturing companies and that increase or decrease in inventory leads to increase or decrease in PAT and sales. The research recommended that manufacturing companies should install effective and more efficient inventory control technique as inventories occupy 80% of its current assets and in order to maximize profit for growth and development of the company.