Effect of inventory management on organizationa
Impact of inventory management on firm performance
Naude, M. Journal of Economics and International Finance. The calculated F statistics value of 0. Global Journal of Finance and Economic Management. According to Amedahe , this allows for accurate description of activities, objects and processes. Under this system, materials are ordered when required, hence, leading to waste reduction, value maximisation and lead to productivity Kootanaee et al. New Jersey: Prentice Hall. Separation of ownership and control. Muhayimana V. McGraw-Hill Companies. The current study sought to find evidence and to investigate whether there is a relationship between inventory management and firm performance of manufacturing firms in Ghana.Prempehfor instance, findings revealed a positive relationship which conflict with the findings of Fosu whose study revealed a negative relationship.
Empirical Literature Review Firm performances have received numerous attempt by scholars and researchers in the field of business but evidence-based literature on inventory management on firm performance in listed manufacturing firms in Ghana is rare.
African Journal of Business Management, 6 17Interpretation of Findings From the study, it is observed that a change in inventory period, management efficiency and firm size have a negative influence on the profitability Mwanzi, of manufacturing firms in Ghana.
Conclusions This research studied the impact of inventory management on firm performance of listed manufacturing firms in Ghana.
An indication that firm profitability is negatively influenced by inventory period, size of firm and inefficient management of inventory.
This was to enable the study to understand the phenomenon of the impact of inventory management on firm performance of listed manufacturing firms in Ghana at a particular time in other to give a fair representation of the sample.
Hence, the findings are observed to be conflicting to the second hypothesis and the study conclude that there is a negative insignificance relationship between inventory management and profitability of manufacturing firms in Ghana. Bailey P. Inventory control and performance of manufacturing firms in Nigeria.
Impact of inventory management on firm performance
The study targeted a total of respondents drawn from employees of procurement departments and departmental heads of respective 15 textile manufacturing industries operating in Nairobi County. The final analyzed results were presented using tables, graphs and charts. R and Schindler, P. Kothari, C. Review of Inventory Management Strategies. McGraw-Hill Companies. Ordering costs relates to costs incurred in placing and receiving an order for the supply of inventory. Inventory management in Malaysian construction firms: impact on performance. Inventory control. The study measure firm performance using profitability and operating cash flow. Hence, most studies on inventory management have predominantly been done in other countries and very few is available in Ghana.This is because as ordering costs decline, holding costs rises and converge at a minimum point of ordering cost curve and carrying cost line thereby regulating inventory purchase and storage for even production flow Lwiki et al.
Supply chain management and performance.
