Effectiveness of Inventory Management on the Profitability of Manufacturing Sectors in Nigeria Bottling Company, Kaduna

Mary Chinelo Ubabudu, Patrick Chukwuemeka Ozoemena, B. Anam
{"title":"Effectiveness of Inventory Management on the Profitability of Manufacturing Sectors in Nigeria Bottling Company, Kaduna","authors":"Mary Chinelo Ubabudu, Patrick Chukwuemeka Ozoemena, B. Anam","doi":"10.37745/ejbir.2013/vol12n1114","DOIUrl":null,"url":null,"abstract":"Inventory management plays a crucial role in the profitability of manufacturing sectors, including the Nigeria Bottling Company in Kaduna. The study aimed to assess the effectiveness of inventory management on the profitability of manufacturing sectors in Nigeria Bottling Company, Kaduna. The study is quantitative and utilizes both primary and secondary data. A survey instrument was developed to collect primary data from a sample of 100 managers and employees within the Nigeria Bottling Company, Kaduna. Additionally, secondary data was collected from annual reports and financial statements of the company. The primary data collected was analyzed using statistical techniques such as descriptive statistics and regression analysis, while the secondary data was analyzed using content analysis. This mixed-method approach allowed for a comprehensive examination of the effectiveness of inventory management on the profitability of the manufacturing sectors in the Nigeria Bottling Company, Kaduna. From the result of data analysis, the hypothesis there is a positive relationship between inventory management and prompt delivery in manufacturing sectors (Nigerian Bottling Company) Kaduna, was rejected and the alternate was accepted. The study concludes that although inventory management is a key factor in prompt service delivery, it is not the only factor. The organization must balance its operations by putting in place important management and operational policies that support service delivery. Some of which are recommended to include the implementation of advanced inventory management techniques, enhancing demand forecasting and production planning processes, among other things.","PeriodicalId":186110,"journal":{"name":"European Journal of Business and Innovation Research","volume":"10 4","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Business and Innovation Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.37745/ejbir.2013/vol12n1114","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Inventory management plays a crucial role in the profitability of manufacturing sectors, including the Nigeria Bottling Company in Kaduna. The study aimed to assess the effectiveness of inventory management on the profitability of manufacturing sectors in Nigeria Bottling Company, Kaduna. The study is quantitative and utilizes both primary and secondary data. A survey instrument was developed to collect primary data from a sample of 100 managers and employees within the Nigeria Bottling Company, Kaduna. Additionally, secondary data was collected from annual reports and financial statements of the company. The primary data collected was analyzed using statistical techniques such as descriptive statistics and regression analysis, while the secondary data was analyzed using content analysis. This mixed-method approach allowed for a comprehensive examination of the effectiveness of inventory management on the profitability of the manufacturing sectors in the Nigeria Bottling Company, Kaduna. From the result of data analysis, the hypothesis there is a positive relationship between inventory management and prompt delivery in manufacturing sectors (Nigerian Bottling Company) Kaduna, was rejected and the alternate was accepted. The study concludes that although inventory management is a key factor in prompt service delivery, it is not the only factor. The organization must balance its operations by putting in place important management and operational policies that support service delivery. Some of which are recommended to include the implementation of advanced inventory management techniques, enhancing demand forecasting and production planning processes, among other things.
库存管理对尼日利亚卡杜纳瓶装公司制造业盈利能力的影响
库存管理对制造业(包括位于卡杜纳的尼日利亚瓶装公司)的盈利能力起着至关重要的作用。本研究旨在评估库存管理对卡杜纳尼日利亚瓶装公司制造业盈利能力的影响。本研究采用定量研究方法,并利用了一手和二手数据。研究开发了一种调查工具,从卡杜纳尼日利亚瓶装公司的 100 名管理人员和员工中抽样收集第一手数据。此外,还从该公司的年度报告和财务报表中收集了二手数据。收集到的原始数据使用描述性统计和回归分析等统计技术进行分析,而二手数据则使用内容分析法进行分析。通过这种混合方法,可以全面考察库存管理对尼日利亚卡杜纳瓶装公司制造业盈利能力的影响。从数据分析的结果来看,研究拒绝了存货管理与制造业(尼日利亚瓶装公司)卡杜纳的及时交货之间存在正相关关系的假设,接受了备用假设。研究得出结论,尽管库存管理是及时提供服务的一个关键因素,但它并不是唯一的因素。组织必须通过制定重要的管理和运营政策来支持服务的提供,从而平衡其运营。其中一些建议包括实施先进的库存管理技术、加强需求预测和生产规划流程等。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信