INVENTORY MANAGEMENT AS A CATALYST TOWARDS ORGANIZATIONAL PROFITABILITY A STUDY OF DANGOTE FLOUR MILL, ILORIN, KWARA STATE

This research study is on inventory management as a panacea toward organisational profitability with particular reference to Dangote Flour Mill, Ilorin, Kwara State. The research was guided by the following objectives: (i) (i) to examine the effect of proper counting and recording on organisational profitability, (ii) to see the effect of up-to-date store records on organisational profitability, (iii) to examine the relationship between stock procurement and organisational profitability, and (iv) to identify the effect of inventory planning and scheduling on organisational profitability. Various research methods were adopted in order to get relevant data and information. The methodologies adopted are primary and secondary data. The research also makes use of questionnaires and personnel interviews in order to make inferences from the data collected. After thorough analysis, the researcher discovered that inventory management is one of the remedies towards organisational profitability. Through inventory management, new inventions or innovations are embarked upon, hence increasing the performance and profitability of the company. So in conclusion it will be noted that inventory management has indeed helped in building the market share of the various products of Dangote Four Mills, Ilorin, Kwara State.