Inventory Management and Profitability of the Conglomerate Sector of Nigeria

Durowaiye, Oluwatobiloba Oreoluwa and Oduwole, Foluke Rachael (2021) Inventory Management and Profitability of the Conglomerate Sector of Nigeria. In: 12th National and First Virtual Conference School of Management Studies, The Federal Polytechnic, Ilaro.

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Efficient management of inventory is a very important task for every organisation as a considerable amount of any organisation’s fund is directed to it. Inventory as part of an organisation’s current assets has to be managed and maintained because loss of inventory to some organisations could be very vital and could mean the end of such organisation. The aim of this study is to determine inventory management and profitability of the conglomerate sector of Nigeria. The study adopted no sampling technique as the whole population of the study formed the research sample. Secondary data sourced from the annual reports of the companies under study were analysed through regression analysis. Findings show that one out of the two independent variables tested was significant to the study and the study recommends that trained staff members should be in charge of inventory management and these staff should be trained over and over again on new techniques and innovations.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Unnamed user with email [email protected]
Date Deposited: 10 Feb 2022 11:59
Last Modified: 10 Feb 2022 11:59

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