Inventory management and organisational performance: (a case study of accra brewery limited)

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Date
2023
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KNUST
Abstract
Inventory Management is a fundamental organization concern for most organisation’ huge organisation, medium-sized organisation and small organisation. Functioning inventory organization in supply chains is one of the basic components for achievement. The study examined the inventory management and organisational performance in Ghana with Accra Brewery Limited (ABL) as a case study. The researcher adopted a case study approach with a structured questionnaire with a sample size of One hundred thirty-five (135) individuals of Accra Brewery Limited's junior and senior staff were selected using a purposive sampling technique and an SPSS was used for the analysis. Based on the findings of the study, the study indicates that ABC classification has a negative and insignificant effect on operational performance. The study also indicates that vendor inventory management has a positive but insignificant effect on operational performance and finally, the coefficient statistically indicates that there is a positive and significant relationship between just-in-time and vendor managed inventory and there is a positive and significant relationship between just-in-time and operational performance. The study there recommends that management should utilize the ABC analysis as a stock categorization method. The ideal way to devote resources and effort to stock practices will be for organizations to use ABC analysis as stock categorization, also management should utilize fixed order quantities to know the quantity of stock to order at any given time finally, recommends that management of organizations should recognize that there is the need for them to increase operational efficiency so that they will be able to reduce operational cost and increase productivity so that they can withstand global competition.
Description
A thesis submitted to the department of supply chain and information systems in partial fulfillment of the requirement for the award of the degree of master of science procurement and supply chain management
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