An Appraisal of Inventory Control and Management in Manufacturing Industries: Nigerian Experience

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Muhammad Usaini
Muhammad Usaini
2
Hassan Abdulrahman
Hassan Abdulrahman
1 University Gusau

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GJMBR Volume 21 Issue D1

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This research was undertaken to explore the nature of efficient inventory control and management, focusing on Hamdala Sweet factory ltd., for manufacturing industries. The study aims to examine and recognize the areas of the company’s lapses and provide successful ways and strategies in which the manufacturing company can explore the inventory management service to achieve its goals. Adopted used different research instruments such as questionnaires and oral interviews in the conduct of this study to collect data from respondents, and a simple random sampling to select a sample size of 50. For this work, the statistical instrument used is chi-square. Based on the study, it found that inventory management in the manufacturing company plays a vital role. Well-functional inventory management following the recommendations will lead to proper management, thereby improving appropriate and productive production and ensuring equally effective, efficient and sufficient use of the manufacturing company’s materials and resources.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Muhammad Usaini. 2021. \u201cAn Appraisal of Inventory Control and Management in Manufacturing Industries: Nigerian Experience\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 21 (GJMBR Volume 21 Issue D1): .

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GJMBR Volume 21 Issue D1
Pg. 19- 28
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-D Classification: JEL Code: M41, F65
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v1.2

Issue date

July 9, 2021

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English

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This research was undertaken to explore the nature of efficient inventory control and management, focusing on Hamdala Sweet factory ltd., for manufacturing industries. The study aims to examine and recognize the areas of the company’s lapses and provide successful ways and strategies in which the manufacturing company can explore the inventory management service to achieve its goals. Adopted used different research instruments such as questionnaires and oral interviews in the conduct of this study to collect data from respondents, and a simple random sampling to select a sample size of 50. For this work, the statistical instrument used is chi-square. Based on the study, it found that inventory management in the manufacturing company plays a vital role. Well-functional inventory management following the recommendations will lead to proper management, thereby improving appropriate and productive production and ensuring equally effective, efficient and sufficient use of the manufacturing company’s materials and resources.

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An Appraisal of Inventory Control and Management in Manufacturing Industries: Nigerian Experience

Muhammad Usaini
Muhammad Usaini University Gusau
Hassan Abdulrahman
Hassan Abdulrahman

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