ASSESSING THE STRATEGIES FOR EFFECTIVE INVENTORY CONTROL IN HOTEL INDUSTRY (A CASE STUDY OF WHITE PLAIN SUITES & TOWERS AND CELEBRATION HOTEL)

Student: Hammed Olamilekan Rasheed
Supervisor: Mr J.c Chuckwu
HOD: Mr J.c Chuckwu
Department of Hospitality Management
Applied Sciences
Federal Polytechnic Ede, Osun State

Abstract

The study focused on assessing the strategies for effective inventory control in Hotel Industry. The objective of the study was to determine effective inventory control in the hotel industry and assess how hotel copes with production and inventory control in the face of seasonal availability of food items. 55 Questionnaires were administered to all the staff of the establishment and all were properly filled and returned. The data obtain were analyzed with the use of descriptive statistics such as simple percentage method and chi-square. The result showed that 72.73% of the respondent agreed that effective inventory control in Hotel industry enhance profitability and 63.64% agreed that seasonal food should be processed and package to enhance availability. It was concluded that the importance of effective inventory control to private and public sector cannot be over-stressed. It was recommended that training and re-training of the staff should be encouraged so as to intimate staff with the strategies to be adopted for effective inventory control.

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