Evaluation Of The Effect Of Inventory Management Control Techniques On The Performance Of A Manufacturing Company: A Study Of Project Implementation Unit
ABSTRACT
Inventory occupies more than 60% of most
manufacturing companies. Hence, this study aims at determining the evaluation
of inventory management and control technique on the performance of a
manufacturing company. This work identifies the necessary problems that
management faces in other to manage her inventory. The work looks at some
objectives that could enable the researcher see how the problems of managing
inventory could be curbed. In the process of this, the researcher formulated
three hypotheses. Hypotheses one tries to identify if there is any significant
relationship between investment in inventory and the firm's profit before tax.
Hypotheses two looks at the effect of optimum level of investment in inventory
on the firm's retained earnings. While hypotheses three tries to identify if
there is significant effect between the optimum level of investment in inventory
and the liquidity of the firm. It also makes references to several literatures
and adopted both survey and longitudinal method via the issue of questionnaire
to obtain necessary data and also a five years financial report of the company
for effective and an efficient analysis of it objectives. The study finding(s)
show that the alternative hypotheses will be accepted; thereby, rejecting the
null hypotheses which indicate that, investment in inventory contribute to the
profitability, retained earnings and liquidity of the company thereby increases
the net worth of the company which indicate continuity for the company. It
therefore recommends that manufacturing firm should not tie up inventory which
could lead to deterioration and reduce the net worth of the company, thereby
making continuity very difficult; this could lead to bankruptcy.
0.0
MBANASO, V (2021). Evaluation Of The Effect Of Inventory Management Control Techniques On The Performance Of A Manufacturing Company: A Study Of Project Implementation Unit. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-the-effect-of-inventory-management-control-techniques-on-the-performance-of-a-manufacturing-company-a-study-of-project-implementation-unit-7-2
V., MBANASO. "Evaluation Of The Effect Of Inventory Management Control Techniques On The Performance Of A Manufacturing Company: A Study Of Project Implementation Unit" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 29 Jun. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-the-effect-of-inventory-management-control-techniques-on-the-performance-of-a-manufacturing-company-a-study-of-project-implementation-unit-7-2. Accessed 26 Nov. 2024.
V., MBANASO. "Evaluation Of The Effect Of Inventory Management Control Techniques On The Performance Of A Manufacturing Company: A Study Of Project Implementation Unit". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 29 Jun. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-the-effect-of-inventory-management-control-techniques-on-the-performance-of-a-manufacturing-company-a-study-of-project-implementation-unit-7-2 >.
V., MBANASO. "Evaluation Of The Effect Of Inventory Management Control Techniques On The Performance Of A Manufacturing Company: A Study Of Project Implementation Unit" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-the-effect-of-inventory-management-control-techniques-on-the-performance-of-a-manufacturing-company-a-study-of-project-implementation-unit-7-2