Impact of Inventory Management and Control Strategy on Organization (A study of Horizon Fibre Nigeria PLC Portharcourt, Nigeria):- Ezeibe, Chidinma J

ABSTRACT

Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be overemphasized as it is a means for improving the perfonnance of manufacturing industries (John, 2005). Inventory can be defined as a record of a business current assets including property owned, merchandise on hand and the value of work in progress and work complete but not sold and it is classified as a current asset because it can be turned into liquid cash within a short period of time. Inventory has created a great impact on the profitability of the manufacturing finn which resulted to the deep research of this work (Donald and Edward, 2000)