INVENTORY MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF MANUFACTURING COMPANY IN NIGERIA: EMPIRICAL EVIDENCE FROM CHAMPION BREWERIES PLC
Abstract
ABSTRACT
This study examines Inventory management practices and financial performance of champion Breweries Plc, Uyo. The objective of the study is to examine the significant effect of inventory management practices on financial performance of champion Breweries plc. The instrument used for the data collection was the questionnaire. A survey and expost facto designs were adopted for the study. A sample of 20 questionnaire were chosen using Taro Yamanes techniques. Judgment sampling techniques was adopted in the study. The hypothesis was tested using regression analysis, a simple linear regression statistical tool, percentage and tables were adopted in the study. Findings indicated that, there is a significant effects between inventory management practices and financial performance of Champion Breweries Plc. It was concluded that inventory management practices have a significant effects on organizational performance of Champion Breweries Plc. in Nigeria. It was recommended among others that management need to setup good inventory control in the organization in order to improve the performance of the organization.
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