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 5000
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
INVESTIGATING THE EFFECTIVENESS OF EARLY CHILDHOOD EDUCATION POLICIES
Abstract: This research investigates the effectiveness of early childhood education (ECE) p...
EFFECTS OF URBAN RENEWAL ON WOMEN'S ROLE
ABSTRACT
This project work is aimed at finding out the extent to which the family r...
The Effect of Antibiotic Misuse on Antimicrobial Resistance Patterns in Katsina State
Background of the Study
Antimicrobial resistance (AMR) is a growing global public health concern that threatens the effectiveness of trea...
The effect of intergovernmental relations on rural infrastructure development in Minna Local Government Area, Niger State
Chapter One: Introduction
An examination of the effectiveness of community policing in conflict management: A study of Zaria Local Government Area, Kaduna State
Background of the Study
Community policing, a strategy that emphasizes the collaboration between police forces and local co...
An Evaluation of Nurses' Knowledge and Intervention Strategies for Childhood Pneumonia in Jigawa State General Hospital
Background of the Study
Childhood pneumonia remains one of the leading causes of morbidity and mortalit...
A Study on the Role of Blockchain Technology in Improving Corporate Governance Transparency in Nigerian Banks: A Study of Polaris Bank in Sokoto State
Background of the Study
Blockchain technology is revolutionizing corporate governance by enhancing tran...
NETWORK BASED SECURITY INFORMATION SYSTEM FOR SHELL PRETROLEUM COMPANY
STATEMENT OF THE PROBLEM
In spite of the level of computation of various organizations, this particular organization on...
A CRITICAL ANALYSIS OF THE POWERS OF THE TAX APPEAL TRIBUNAL UNDER THE FEDERAL INLAND REVENUE SERVICE ACT, 2007 IN THE SETTLEMENT OF TAX DISPUTES IN NIGERIA.
ABSTRACT
A critical appraisal of the powers of the Tax Appeal Tribunal (TAT) in the settlement of Tax disputes in Nigeria stems from the...
COMMUTERS AS A MAJOR CONTRIBUTOR TO THE SPREAD OF COMMUNICABLE DISEASES IN PUBLIC PLACES
-
1.1 BACKGROUND OF THE STUDY
Every country's socioeconomic and politica...
