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EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA

Authors: AKINLABI Babatunde

Publication Type: Journal article

Journal: Babcock Journal Of Management And Social Sciences

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Abstract

This study examined effect of inventory management practices on the
operational performance of flour milling companies in Nigeria. Cross-
sectional survey research design was used. The target population
comprised 2,237 staff of selected flour milling companies. A stratified
random sampling technique was used to select the sample size of 776. A
structured questionnaire was used to collect data. Hypotheses were tested
using inferential statistics with the aid of SPSS. The findings revealed that
inventory shrinkage had a significant negative effect on customers'
satisfaction. There was a significant relationship between inventory control
and cost effectiveness of selected flour milling companies. The study
concluded that inventory management practices significantly affect
operational performance of flour milling companies in Nigeria. The
recommendation focused on ensuring that stocks are sufficient to meet
production requirements and customer demands at all times.

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AKINLABI,B. . (2018). EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA, 12 (), 1-1.

AKINLABI,B. . "EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA" 12, no (), (2018): 1-1.

AKINLABI,B. and . (2018). EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA, 12 (), pp1-1.

AKINLABIB, . EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA. 2018, 12 ():1-1.

AKINLABI,Babatunde , . "EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA", 12 . (2018) : 1-1.

A.Babatunde , "EFFECT OF INVENTORY MANAGEMENT PRACTICES ON OPERATIONAL PERFORMANCE OF FLOUR MILLING COMPANIES IN NIGERIA" vol.12, no., pp. 1-1, 2018.

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