Inventory Management and Productivity of Manufacturing Organization in Lira District: The Case Study of Mt Meru Millers, Lira


  • Department: Business Administration and Management
  • Project ID: BAM3286
  • Access Fee: ₦5,000
  • Pages: 56 Pages
  • Reference: YES
  • Format: Microsoft Word
  • Views: 617
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DECLARATION ................................................................................................ ii

APPROVAL ..................................................................................................... iii

DEDICATION ................................................................................................. iv

ACKNOWLEDGEMENTS ................................................................................... v

TABLE OF CONTENTS .................................................................................... vi

LIST OF ACRONYMS ...................................................................................... xi

ABSTRACT ................................................................................................... xii

CHAPTER ONE ................................................................................................ 1

GENERAL INTRODUCTION .............................................................................. 1

1. 0 Introduction .......................................................................................... 1

1.1 Background of the study ........................................................................ 1

1.2 Statement of the problems ..................................................................... 1

1.3 Purpose of the study .............................................................................. 2

1.4 Objectives of the study .......................................................................... 2

1.5 Research Questions ............................................................................... 2

1.6 Scope of the study .............................................................................. _. .. 3

1.6.1 Geographical scope ............................................................................... 3

1.6.2 Time scope ............................................................................................ 3

1.6.3 Content scope ........................................................................................ 3

vi

1. 7 Sig nifica nee of the study ........................................................................ 3

1.8 Limitation .................................................................................... '° ........ 4

1.9 Conceptual Frame Work ......................................................................... 4

CHAPTER TWO ............................................................................................... 6

LITERATURE REVIEW ..................................................................................... 6

2.0 Introduction .......................................................................................... 6

2.1 Theoretical Review .............................................................................. , .. 6

2.2 Actual Review of Related Literature ........................................................ 7

2.2.1 Concept of Inventory Management ................................................. 10

2.2.2 JIT analysis and Productivity .......................................................... 11

2.2.3 ABC analysis and Productivity ......................................................... 12

2.2.4 EOQ analysis and Productivity ........................................................ 12

2.2.5 BIN analysis and Productivity ......................................................... 12

CHAPTER THREE .......................................................................................... 14

RESEARCH METHODOLOGY .......................................................................... 14

3.0 Introduction ........................................................................................ 14

3.1 Research Design .................................................................................. 14

3.2 Population of the study ........................................................................ 14

3.3 Sampling ............................................................................................. 15

3.4 Data Collection Methods ....................................................................... 16

3.4.1 The Observation method ...................................................................... 16

3.4.2 The interview method .................................................................... 16

3.4.3 Questionnaire Method .................................................................... 16

vii

3.5 Data collection Instruments .................................................................. 17

3.5.1 Questionnaires; ............................................................................. 17

3.5.2 Interview guide .................... , .................... ,,, .. , ................ ,, ............ 17

3.5.3 Observation checklist ..... ,,,,, .................. ,,, ................................ , ..... 17

3.5.4 Documentary review ...... , .............. ,, ... , ............. ,, ............ , .... , .......... 17

3.6 Data Collection Procedure .................................................................... 17

3.7 Data Analysis ...................................................................................... 18

3.8 Data reliability and validity ................................................................... 18

CHAPTER FOUR ............ ,, ............. , ........................... , ............... ,, ........... , .... , .. 19

PRESENTATION, INTERPRETATION AND ANALYSIS ........................................ 19

OF RESEARCH FINDINGS ....................... , ............. , ........................................ 19

4.0 Introduction ......................................... ,, ............. , ................................... 19

4.1 Demographic characteristics of the respondents ....................................... 19

4.2 Jit- Analysis of Inventory management ..................................................... 22

4.3 ABC- Analysis of Inventory management ................................................. , 24

4.4 EOQ- Analysis of Inventory management. ................................................. 26

4.5 Bin- Analysis of Inventory management ................................................ 28

CHAPTER FIVE ...................... ,, .............. ,, ............. ,, ............ ,, ........................ 32

DISCUSSION, CONCLUSIONS AND RECOMMENDATIONS ................................ 32

5.0 Introduction .................. ,, ............................ , ........................ ,, .............. , .. 32

5.1 Discussion .................. ,,, ........... ,., ............ , .. , .......... ,,, ......... ,,, .............. , 32

5.1.1 The effect of Jit analysis on the productivity ......................................... 32

5.2 Conclusion ................... , ............................ , ............. , , .......... , ............... 33

ABSTRACT

This study was to assess Inventory Management and the productivity of Manufacturing Organization in Lira district; the case of Mt Meru Millers, Lira. The specific objectives of the study were; to examine the effect of JIT analysis on productivity of Mt Meru Millers Lira, to find out how ABC analysis affect productivity of Mt Meru Millers Lira, to assess how EOQ affect productivity of Mt Meru Millers Lira, and to establish the extent to which Bin system affect productivity of Mt Meru Millers, Lira. The study employed a case study research design and both qualitative and quantitative methods of data collection. The sample size was 51 comprising 20 Key informant, 10 Business community, 10 Local community and 11 employee of Mt Meru Millers. The major research tool that was used was the questionnaire that was distributed to 51 respondents. However, additional information was secured using interview guide and data analysis was done both qualitatively and quantitatively. The study findings showed that Key informant, Business community, local community and employee of Mt Meru Millers agree to fact that Mt Meru Millers uses Jit, ABC, EOQ and Bin analysis in inventory management. The findings further points out that inventory management directly affect the productivity of Mt Meru Millers, Lira. The study concluded that although Key informant, Business community, Local community and employee know that inventory management affects the productivity of Mt Meru Millers, there are also some negative aspects of inventory xii management that can be termed as challenges, these are as misplacement of stock, over stocking, running out of stock, regular stock taking, over pricing and unplanned stocking.

  • Department: Business Administration and Management
  • Project ID: BAM3286
  • Access Fee: ₦5,000
  • Pages: 56 Pages
  • Reference: YES
  • Format: Microsoft Word
  • Views: 617
Get this Project Materials
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