EFFECT OF MATERIALS MANAGEMENT ON ORGANIZATIONAL PROFITABILITY (A STUDY OF LUBCON NIGERIA COMPANY, LIMITED ILORIN)

ABSTRACT This research was to examine the effect of material management on organizational profitability with the special reference to Lubcon Nigeria Limited. This study show with statistical evidences that materials management significantly increase the profitability, well being and productivity of the organization. The research methodology adopted has the limitation peculiar to the use of questionnaire like, the uncooperative attitude of respondents, show space of instrument retrieval etc. although the study adopted the use of sample language, but some respondents will find it difficult to understand some concepts and they had to be put through, so much time was wasted in the course of doing this. Finally, the opinions of the respondents from the basic of this research, but this did not in any way affect the quality of the study. Simple percentage distribution was used in the presentation and interpretation of the data collected and population of the study is 120 in the organization. To this end and also 92 questionnaire were distributed and 91 were returned. The data were tabulated in a frequency distribution form and the corresponding percentage equivalent was calculated and recorded respectively. To test the hypothesis earlier formulated, the chi – square were used. Materials management should be handled through the act of creating and controlling the acquisition and usage of materials in the organizational production. Without the materials, no one can do anything in the management of any organization in general and Lubcon Nigeria Limited in particular ,in taking appropriate steps in calculating means of managing materials as parts of the pre-requisite for improving organization productivity.