The impact of effective inventory control management on organisational performance: A study of 7up bottling company Nile Mile Enugu, Nigeria
Mediterranean Journal of Social Sciences
University of Nigeria, Enugu Campus, Nigeria; Department of Industrial Psychology and people Management, University of Johannesburg, Johannesburg, Gauteng, South Africa
This study took into consideration the relationship between effective system of inventory management and organization performance in the seven-up bottling company, Nile Mile Enugu. The researchers were motivated to embark on this study, in order to bring to fore the importance of effective inventory control system on organizational performance as it relates to the bottling company. A total of eighty-three respondent constitute the sample for the study. Four research questions and Four hypotheses were generated and tested at 10% (that is 0.10) significant level using descriptive statistics and non-parametric test (chi-square that is,χ2). The result of the analysis showed that flexibility in inventory control management is an important approach to achieving organizational performance. It was found that organizations benefits from inventory control management by way of easy storage and retrieval of material, improved sales effectiveness and reduced operational cost. The study also found that there is a relationship between operational feasibility, utility of inventory control management in the customer related issues of the organization and cost effectiveness technique are implemented to enhance the return on investment in the organization. Effective inventory control management is recognized as one of the areas management of any organization should acquire capability. It is recommended that organizations should adopt the inventory keeping method that best suit their operations.