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.
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OBIOMA, I (2024). Effect Of Inventory Management On Cost Reduction And Control In An Organization (A Study Of Guinness Nigeria Plc).;- Obioma Victoria I. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-cost-reduction-and-control-in-an-organization-a-study-of-guinness-nigeria-plc-obioma-victoria-i-7-2
IHECHILURU, OBIOMA. "Effect Of Inventory Management On Cost Reduction And Control In An Organization (A Study Of Guinness Nigeria Plc).;- Obioma Victoria I" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Mar. 2024, https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-cost-reduction-and-control-in-an-organization-a-study-of-guinness-nigeria-plc-obioma-victoria-i-7-2. Accessed 23 Nov. 2024.
IHECHILURU, OBIOMA. "Effect Of Inventory Management On Cost Reduction And Control In An Organization (A Study Of Guinness Nigeria Plc).;- Obioma Victoria I". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Mar. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-cost-reduction-and-control-in-an-organization-a-study-of-guinness-nigeria-plc-obioma-victoria-i-7-2 >.
IHECHILURU, OBIOMA. "Effect Of Inventory Management On Cost Reduction And Control In An Organization (A Study Of Guinness Nigeria Plc).;- Obioma Victoria I" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inventory-management-on-cost-reduction-and-control-in-an-organization-a-study-of-guinness-nigeria-plc-obioma-victoria-i-7-2