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Category: Project Material

EFFECTS OF EFFICIENT INVENTORY MANAGEMENT ON PERFORMANCE OF MANUFACTURING FIRMS(A STUDY OF BETA GLASS PLC UGHELLI)

ABSTRACT/DESCRIPTION


This research work deals with an appraisal of efficient inventory management on the performance of manufacturing plant. (A study of Beta Glass, Ughelli). Survey sample were used to determine the perception of the staff regarding the research question formulated and further test the results t – test was used. The cost associated with stocked materials is minimized through proper evaluating of materials issued and a centralized purchasing department. Again for improved productivity, cordial relationship is maintained among various departments, which enhance profit maximization and growth. It is also observed that the management trains her materials personnel by way of conducting series of seminars in the field of management. Based on those findings, it is pertinent to recommend that since inventory contributes directing to the profitability of an organization, proper attention should be given to it in both handling and usage and to ensure efficiency orientation.

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