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
THE ROLE OF GATEKEEPING IN NEWS PRODUCTION AND DISSEMINATION
Abstract
Before information can be disseminated to the public, it undergoes strict examination by certain people. These people are known...
THE IMPACT OF EDUCATIONAL TECHNOLOGY ON VOCATIONAL AND TECHNICAL EDUCATION
ABSTRACT
This study investigate “The Impact of Education Technology in Vocational and Technical P...
INNOVATIONS IN ASSESSING CAREER READINESS IN VOCATIONAL STUDENTS
ABSTRACT: This study examines innovations in assessing career readiness among vocational students, focusing on the effectiveness of new evalua...
ASSESSMENT OF STRATEGIES FOR PROMOTING INDUSTRY-RELEVANT CERTIFICATIONS IN VOCATIONAL PROGRAMS
ABSTRACT: This study investigates strategies for promoting industry-relevant certifications in vocational programs to enhance employability an...
PHYTOCHEMICAL ANALYSIS AND THE ANTIINFLAMMATORY ACTIVITIES OF METHANOL EXTRACT OF CRATEVA ADANSONII
ABSTRACT
Inflammation is a complex biological response of vascular tissue to harmful stimuli such as pathogen, damage cells or irritants....
PROBLEMS OF TAX COLLECTION IN NIGERIA
ABSTRACT
This research work was carried out to examine problems of tax collection in Nigeria ...
THE EFFECT OF MARKETING PROMOTION ON THE EFFICIENCY OF BANKS
Background of the study
The Nigerian banking sector has changed tremendously since the introduction of the structural ad...
SOCIAL INTERACTIONS AND IT IMPACT ON ACADEMIC PERFORMANCE OF ADULT LEARNERS
BACKGROUND TO THE STUDY
Adult learning is not the same as childhood learning. When it comes to lea...
ACCOUNTING FOR INTERNATIONAL TRADE AND SUPPLY CHAIN FINANCE
ACCOUNTING FOR INTERNATIONAL TRADE AND SUPPLY CHAIN FINANCE
ABSTRACT
The study aims to explore (1) the role of accounting...
DESIGN AND IMPLEMENTATION OF AN ONLINE MARKETING INFORMATION MANAGEMENT SYSTEM
ABSTRACT
Online marketing, which is also referred to as internet marketing, invol...
