THE INFLUENCE OF INVENTORY MANAGEMENT PRACTICES ON ORGANIZATIONAL FINANCIAL PERFORMANCE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
A large majority of organizations worldwide commit large amounts of funds to inventory management which constitutes most significant part of their current assets. The organizations strive, through their departments of - purchasing, production, sales and finance, to manage inventories efficiently and effectively so as to avoid unnecessary tying of capital. The aim of inventory management is to minimize costs of ordering, carrying and not carrying sufficient inventory. Poor inventory effects include - remarkable differences between stock records and physical stock, inadequate records and recording, availability of obsolete and obsolescence stores, greater complaints from customers due to unfulfilled orders, disorganized stores, damaged stocks and loss of financial resources. This study assessed the influence of Inventory Management Practices on Organizational Financial at the National Microfinance Bank Headquarters Dar es Salaam.
The study conducted a survey of the National Microfinance Bank at the NMB Headquarters. The questionnaire targeted a selected sample of the NMB staff. Pursuant to that, the study strived to answer three questions – i) What are the factors that affect inventory management practices in organization?; ii) What is the effect of inventory management practices on return on equity?; and iii) What is the effect of inventory management practices on return on sales?
The study found out that, among crucial factors affecting inventory management practices in NMB were - skills and knowledge among staff; involvement of management in procurement planning; and existence of procurement policies which are adhered to by staff in the implementation of inventory management processes. The study also revealed corresponding growth in sales and profits in 2013 which resulted in constant growth of business with big value generated by NMB through its ROE and ROS. The results have led to shareholders earning TZS 34 billion in form of dividends while GoT received TZS 79.6 billion as income taxes, PAYE, SDL etc; NMB paid staff salaries and emoluments at TZS 99.7 billion; and spent TZS
1.05 billion in sponsorships, Public Relations donations etc. to other stakeholders and the public.
Related Project Materials
PHARMACOLOGICAL INTERACTION BETWEEN ETHANOL EXTRACT OF MORINGA OLEIFERA LEAVES AND METFORMIN IN ALLOXANINDUCED HYPERGLYCAEMIC WISTAR RATS
Abstract
Herbs with anti-diabetic activity could initiate interactions if used concurrently with orthodox drugs. Moringa oleifera is one...
GOVERNMENT AND THE MANAGEMENT OF SECURITY CHALLENGES IN NIGERIA
Abstract
Security concerns have existed since time immemorial. But, the challenges have never been as readily mani...
AN EVALUATION OF PRINCIPALS ADMINISTRATIVE IN NIGERIA SECONDARY SCHOOL
Abstract
This study is on an evaluation of principals administrative in Nigeria secondary schools in Nigeria. The total...
THE IMPACT OF PUBLIC OPINION ON PUBLIC POLICY
EXCERPT FROM THE STUDY
Mass media has a great impact in modeling of public opinion by the wide range of methods to chang...
IDENTIFICATION AND ANTIBIOTIC SUSCEPTIBILITY PROFILE OF METHICILLIN AND ERYTHROMYCIN RESISTANT Staphylococcus aureus FROM CLINICAL AND ENVIRONMENTAL SAMPLES IN MINNA, NIGERIA
ABSTRACT
Methicillin resistance in Staphylococcus aureus (MRSA) is progressively increasing globally and has become a global health conce...
FACTORS INFLUENCING CONSUMER BUYING BEHAVIOUR ON HOUSEHOLD PRODUCTS IN NIGERIA
ABSTRACT
The aim of this study was to examine the factors that influence consumer buying behaviour on household products in Lagos. The&nb...
WESTERN CULTURE AND THE YORUBA ETHICS: A PHILOSOPHICAL ANALYSIS
ABSTRACT
This essay is written in partial fulfillment of the department of Philosophy’s requirement for the award...
EFFECT OF BUSINESS CREDIT AVAILABILITY ON SMALL AND MEDIUM SCALE ENTERPRISES
Abstract
A business whether small or big, simple or complex, private or public is created to provide competitive prices...
CAUSES OF ROAD ACCIDENT AMONG AUTOMOBILE ROAD USERS USING IJEBU-ODE LOCAL GOVERNMENT AREA OF OGUN STATE
BACKGROUND OF THE STUDY
Road transport is a critical structure for economic development of a country. I...
PREVALENCE OF HEPATITIS VIRUS INFECTION AMONG PREGNANT WOMEN
Abstract
In this project a comprehensive analysis or discussion of the result is made. It gives a detailed analysis of...
