INVENTORY MANAGEMENT AND ORGANIZATIONAL PRODUCTIVITY

ABSTRACT This study assessed the inventory management and organizational productivity using Champion Breweries, Uyo as a case study. To accomplish the objectives of the study, a survey research design was adopted, while Taro Yamane formula was used to select ninety two (92) respondents as sample size for the study. Instrument used for the study was a self developed questionnaire which was used to gather data for the study and forms were personally administered. Research question were formulated and analyzed using simple percentages and frequency tables. Also, hypotheses were formulated to guide the study and analyzed using descriptive and chi square (χ2) statistical tools for the study. Findings of the study revealed that there is significant effect of demand forecasting on organizational productivity; there is significant effect of inventory tracking on organizational productivity; there is significant effect of inventory optimization on organizational productivity; there is significant effect of inventory reporting on organizational productivity. Based on the findings, the following recommendations were made: organizations should adopt the inventory keeping method that best suits their operations and that organization should minimize on it inventory expenses by using skilled labour and also increase on it sales by widening market for its products and organization should identify the order quantity that minimizes total cost of stock holding, stock ordering, and purchase cost in order to maximize profits. It is believed that if these recommendations are implemented, it will go a long way to increase employee morale and utilization of their skills and talents for the attainment of organizational goals and objectives.