INVENTORY MANAGEMENT SYSTEMS AND FINANCIAL PERFORMANCE OF SELECT LISTED MANUFACTURING COMPANIES IN NIGERIA

The fluctuating performance index of many manufacturing companies in Nigeria is worrisome as organizations face stock out cost, which results into great profit loss. Ineffective inventory systems result in loss and shortages in the manufacturing companies. This research is an empirical examination of inventory systems and performance of select listed quoted manufacturing companies in Nigeria Five hypotheses and five research questions were formulated in line with the objectives of the study. Ex-post-facto research design was adopted for the study. Population consisted for forty-four quoted manufacturing companies in Nigeria. Taro Yamane's sample size statistics was used to determine the sample size of twenty (20). Purposive sampling technique was used to select the twenty (20) samples for the study. Data was collected from secondary sources. Descriptive and inferential statistics were used to analyze the data. Multiple regression models were used to test how dependent variable performance is explained by independent variables inventory management systems. The analysis results revealed a significant positive influence on inventory turnover (Efficiency) and inventory Cost Control on Profitability (ROA). Furthermore, the result showed that there is an insignificant positive influence of Inventory speed and inventory accountability on profitability (ROA) of the select Listed Quoted Manufacturing Companies in Nigeria. It was recommended that appropriate inventory investments should be encouraged to boost the profitability of the companies.