The Effect Of Inventory Control On Profit Maximization In A Manufacturing Company (A Study Of Nigeria Breweries Plc And Guinness Nigeria Plc):- Orazulume Marvellous A
ABSTRACT
The study
examined the effect of inventory control on profit maximization in a
manufacturing company. The objectives of the study are; to determine the effect
of inventory turnover and inventory conversion period on return on asset ofmanufacturing
industry in Nigeria and to examine the effect of inventory turnover and
inventory conversion period on return on equity ofmanufacturing industry in
Nigeria. To achieve the objective ofthe study, ex-postfacto research design was
adopted. The study adopted secondary data in generating its data through the
use ofannual report and account of Nigeria breweries Pic and Guinness pic. In
testing the hypotheses, multiple regression analysis was used. The findings
revealed that while inventory turnover and inventory conversion period have no
significant effect on return on asset ofmanufacturing industry in Nigeria,
inventory turnover and inventory conversion period have a significant effect on
return on equity of manufacturing industry in Nigeria. The study recommends
that manufacturing companies should try by all means to adhere to inventory
polices made. A situation is a case whereby materials or items are allowed to
leave the stores without proper requisition, this shows that the internal
control is weak. In order to ensure that the company adheres to inventory
policies, under no circumstance should items of inventory be allowed to leave
stores withoutproper requisition.
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ORAZULUME, A (2024). The Effect Of Inventory Control On Profit Maximization In A Manufacturing Company (A Study Of Nigeria Breweries Plc And Guinness Nigeria Plc):- Orazulume Marvellous A. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/the-effect-of-inventory-control-on-profit-maximization-in-a-manufacturing-company-a-study-of-nigeria-breweries-plc-and-guinness-nigeria-plc-orazulume-marvellous-a-7-2
ADAEZE, ORAZULUME. "The Effect Of Inventory Control On Profit Maximization In A Manufacturing Company (A Study Of Nigeria Breweries Plc And Guinness Nigeria Plc):- Orazulume Marvellous A" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Aug. 2024, https://repository.mouau.edu.ng/work/view/the-effect-of-inventory-control-on-profit-maximization-in-a-manufacturing-company-a-study-of-nigeria-breweries-plc-and-guinness-nigeria-plc-orazulume-marvellous-a-7-2. Accessed 26 Nov. 2024.
ADAEZE, ORAZULUME. "The Effect Of Inventory Control On Profit Maximization In A Manufacturing Company (A Study Of Nigeria Breweries Plc And Guinness Nigeria Plc):- Orazulume Marvellous A". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Aug. 2024. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-effect-of-inventory-control-on-profit-maximization-in-a-manufacturing-company-a-study-of-nigeria-breweries-plc-and-guinness-nigeria-plc-orazulume-marvellous-a-7-2 >.
ADAEZE, ORAZULUME. "The Effect Of Inventory Control On Profit Maximization In A Manufacturing Company (A Study Of Nigeria Breweries Plc And Guinness Nigeria Plc):- Orazulume Marvellous A" Repository.mouau.edu.ng (2024). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-effect-of-inventory-control-on-profit-maximization-in-a-manufacturing-company-a-study-of-nigeria-breweries-plc-and-guinness-nigeria-plc-orazulume-marvellous-a-7-2