Analysis Of Effective Inventory Management As A Catalyst To Profitabilty In A Manufacturing Firm (A Study Of Nigeria Breweries Plc):- Odionye Glory A
ABSTRACT
The
study of the Analysis of effective inventory management as a catalyst to
profitability in a manufacturing company was carried out, to assess the
effective inventory management on organizational profitability in Nigeria
Breweries Pic. Descriptive research method, especially survey and case study
were employed in carrying out the study. The population of the study was thirty
(30). The sample size was twenty eight (28), was derived using the Taro Yamene
formula for sample size determination from a finite population. Data were
generated using questionnaire, oral interviews, observations, books, journals
and the internet. Data were presented in tables and analyzed using simple
percentages. Pearson product moment correlation coefficient used m the hypotheses
testing. The findings of this study revealed a very strong relationship between
effective inventory management and profitability level of the firm. Also, the
study indicates that effective inventory control determines a firm’s annual
turnover. Effective inventory control contributes to high level of productivity
in a firm The works revealed that improvement on inventory control will improve
the profit of the company. The company should endeavor to manage their
inventory management effectively to increase its profitability. Management
should consider the organizations inventory control system before making
corporate policies. Management should not over-look their inventory control
system to avoid low productivity.
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ODIONYE, A (2024). Analysis Of Effective Inventory Management As A Catalyst To Profitabilty In A Manufacturing Firm (A Study Of Nigeria Breweries Plc):- Odionye Glory A. Repository.mouau.edu.ng: Retrieved Dec 03, 2024, from https://repository.mouau.edu.ng/work/view/analysis-of-effective-inventory-management-as-a-catalyst-to-profitabilty-in-a-manufacturing-firm-a-study-of-nigeria-breweries-plc-odionye-glory-a-7-2
AMARACHI, ODIONYE. "Analysis Of Effective Inventory Management As A Catalyst To Profitabilty In A Manufacturing Firm (A Study Of Nigeria Breweries Plc):- Odionye Glory A" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 27 Aug. 2024, https://repository.mouau.edu.ng/work/view/analysis-of-effective-inventory-management-as-a-catalyst-to-profitabilty-in-a-manufacturing-firm-a-study-of-nigeria-breweries-plc-odionye-glory-a-7-2. Accessed 03 Dec. 2024.
AMARACHI, ODIONYE. "Analysis Of Effective Inventory Management As A Catalyst To Profitabilty In A Manufacturing Firm (A Study Of Nigeria Breweries Plc):- Odionye Glory A". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 27 Aug. 2024. Web. 03 Dec. 2024. < https://repository.mouau.edu.ng/work/view/analysis-of-effective-inventory-management-as-a-catalyst-to-profitabilty-in-a-manufacturing-firm-a-study-of-nigeria-breweries-plc-odionye-glory-a-7-2 >.
AMARACHI, ODIONYE. "Analysis Of Effective Inventory Management As A Catalyst To Profitabilty In A Manufacturing Firm (A Study Of Nigeria Breweries Plc):- Odionye Glory A" Repository.mouau.edu.ng (2024). Accessed 03 Dec. 2024. https://repository.mouau.edu.ng/work/view/analysis-of-effective-inventory-management-as-a-catalyst-to-profitabilty-in-a-manufacturing-firm-a-study-of-nigeria-breweries-plc-odionye-glory-a-7-2