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PROJECT TOPIC: THE EFFECTS OF INVENTORY MANAGEMENT ON PROFITABILTY OF MANUFACTURING FIRMS

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ABSTRACT

Inventory management has posed a great concern to manufacturing firms. This will be attributed to the very nature of inventory as a major constitute of current assets. Thus, the importance of inventory management cannot be over emphasized since it has been established to play a big role in the continual existence of any manufacturing outpit. The place which inventory occupies in the production processes of manufacturing firms (companies) has prompted the study of its impact on the profitability of such companies. Sales and purchases are the basic trading activities that give rise to profit. Movement of inventory is an indication of the level of activities in a firm. Manufacturing business are flexible and dynamic and the business of Champion Breweries Plc, Uyo, just like that of any other company in manufacturing business should be changing with time. This research examines the impact of inventory management on the profitability of manufacturing firms. To carry out this research, the researcher resorted to the use of questionnaire, oral interview as the major instrument for data collection and chi-square for testing of formulated hypothesis as the statistical tool. After careful analysis of the data, the following were revealed: Proper inventory management has significant impact on the profitability of manufacturing firms, proper authorization of inventory quantity removed from the store for production is maintained; the staff of the company should be motivated towards adequate inventory management through training and seminar; productivity levels of such companies are enhance by proper inventory management. The study concluded with some recommendations that:


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