Impact Of Inventory Management And Control On Corporate Performance In Nigeria (A Study Of Seven-Up Company & Guinness Nigeria, Plc, Abia State)
ABSTRACT
Inventory constitutes the most significant
part of current assets of majority of corporate firms like the Nigerian
manufacturing sector. Owing to the relative largeness of inventories maintained
by these firm, a considerable sum of money is been committed to them. It thus,
become imperative to manage inventories effectively so as to avoid the cost of
changing production rate, overtime, unnecessary cost of sales and back order
penalties during periods of peak demand. The main issue in this study is to
evaluate the iripact of inventory management and control on corporate
performance. Based on the broad nature of the study, the researcher made use of
selected manufacturing firms (Seven Up bottling company and Guinness Nigeria
Plc) in Abia State, Nigeria. Data obtained for the study was secondary. Both
econometric and descriptive statistical tools were beneficial in testing for th
reliability and validity of the instrument for data c011ection. Based on
findings on the data analyzed, this study concluded that inventory management
and control contributes significantly to corporate performance in Nigeria.
Thus, the study further suggest that in order to improve on the economic
climate for proper inventory management and control that would stimulate
economic growth and development in Nigeria, there is need for relevant stake
holders and government to adopt measures that would improve and benefit the
system. Keywords: corporate performance, inventory management and control,
Nigeria.
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ADEBAYO, M (2021). Impact Of Inventory Management And Control On Corporate Performance In Nigeria (A Study Of Seven-Up Company & Guinness Nigeria, Plc, Abia State) . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-and-control-on-corporate-performance-in-nigeria-a-study-of-seven-up-company-guinness-nigeria-plc-abia-state-7-2
MARGARET, ADEBAYO. "Impact Of Inventory Management And Control On Corporate Performance In Nigeria (A Study Of Seven-Up Company & Guinness Nigeria, Plc, Abia State) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-and-control-on-corporate-performance-in-nigeria-a-study-of-seven-up-company-guinness-nigeria-plc-abia-state-7-2. Accessed 26 Nov. 2024.
MARGARET, ADEBAYO. "Impact Of Inventory Management And Control On Corporate Performance In Nigeria (A Study Of Seven-Up Company & Guinness Nigeria, Plc, Abia State) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-and-control-on-corporate-performance-in-nigeria-a-study-of-seven-up-company-guinness-nigeria-plc-abia-state-7-2 >.
MARGARET, ADEBAYO. "Impact Of Inventory Management And Control On Corporate Performance In Nigeria (A Study Of Seven-Up Company & Guinness Nigeria, Plc, Abia State) " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-inventory-management-and-control-on-corporate-performance-in-nigeria-a-study-of-seven-up-company-guinness-nigeria-plc-abia-state-7-2