Inventory Management and Organizational Performance of Selected Small and Medium Enterprises in Nigeria

FATOGUN, O. I and SADIQ, I. A (2019) Inventory Management and Organizational Performance of Selected Small and Medium Enterprises in Nigeria. JOURNAL OF BUSINESS AND EDUCATIONAL POLICIES(A BI-ANNUAL JOURNAL OF THE NATIONAL ASSOCIATION OF POLICY EDUCATOS), 15 (1). pp. 1-13.

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Abstract

This study examines inventory management and organizational performance of the selected Small and Medium Enterprises. The objective of the study was to examine the relationship between inventory management and organizational performance. Primary and secondary data was employed, primary data collection instrument is a structured questionnaire designed and statistical Package for social Sciences for the study (SPSS) was used as the secondary data analysis. The independent variables used was inventory management while the dependent variable used were profitability and productivity. Data were analyzed with the aid of descriptive statistic such as simple percentage and mean. Results reveal that inventory management have positive and significant impact on the performance. Hence the study recommends that inventory management is very vital to the success and growth of organizations. The entire profitability of an organization is tied to the volume of products sold which has a direct relationship with the quality of the product against this background the study recommended that organizations should ensure that inventory were sufficient to meet production requirement and customer demands at all times and avoid holding unnecessary surplus inventory that might increase holding cost and thusensureenhancedcustomersatisfaction

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Miss Ayomikun Ogunbadejo
Date Deposited:	25 May 2020 18:38
Last Modified:	25 May 2020 18:38
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/224

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