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

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Muhammad Usaini
Muhammad Usaini
σ
Hassan Abdulrahman
Hassan Abdulrahman
α Federal University Gusau

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

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Abstract

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.

References

7 Cites in Article
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  3. F Cheruiyot (2005). The Effect of supply chain integration on operational performance of 19.
  4. Mustapha Ismaila,Abdulazeez Olamilekan,Abdul Ajoke (2019). H. alal¯ Marketing Practices and Performance of Cooperative Societies in Ilorin Metropolis, Kwara State, Nigeria.
  5. I Pandey (2007). Financial Management.
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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite 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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Issue Cover
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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Classification
GJMBR-D Classification: JEL Code: M41, F65
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v1.2

Issue date

July 9, 2021

Language
en
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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 Federal University Gusau
Hassan Abdulrahman
Hassan Abdulrahman

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