Effect Of Inventory Management On Cost Reduction And Control In An Organization (A Study Of Guinness Nigeria Plc).;- Obioma Victoria I

ABSTRACT

 The topic ofthis research work is Effect of inventory management on cost reduction and control  organization using Guinness Nigeria Pic as a case study. Inventory control can be defined as the iinplernentation of management s inventory policies in a manner that assures that the goal of inventory management is met. The management of various companies is faced with the problem of at what level inventory should be held in order to have a healthy operation that is optimal stock level that will minimize the cost ofstocks the (ordering and holding costs). The researcher objective is to know the ejfectiveness of inventory control on cost control. In the course ofthis study, primary data was used in the collection ofdata through the administration ofseventy (70) questionnaires among the staffofthe organization the data was classified accordingly, frequency and contingency tables were constructed and three hypotheses were tested using simple regression on the statistical package for social sciences (spss). From the analysis^ the researcher finds out that effective management of inventory will help a firm to control its cost and contribute to the actualization of a firm organizational goal. The researcher therefore recommends organization should apply the technique of inventory control with the objective of cost controlsso as炽 enable the goal ofprofit maximization to be attained.