THE ROLE OF INVENTORY MANAGEMENT ON PERFORMANCE OF FOOD PROCESSING COMPANIES: A CASE STUDY OF CROWN FOODS LIMITED KENYA
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 4, Issue 4
Abstract
The study aimed at determining the role of inventory management on performance of food processing Companies in Kenya. This study used descriptive research design. Using stratified random sampling design, the researcher selected 110 respondents on whom he conducted the study. The study used a questionnaire to collect primary data. The data was summarized and categorized according to common themes. Descriptive statistics was employed to analyze the data. A multiple regression model was applied to determine the relative importance of each of the variables with respect to performance of food processing companies in Kenya. The findings of the study shows that a unit increases in maintaining production will lead to an increase in the scores of the performance of food processing company. A unit increase in cost control will lead to an increase in performance of food processing companies in Kenya. Also, a unit increase in record reduced loss will lead to an increase in the scores of the performance of food processing companies in Kenya; and a unit increase in continuous supply will lead to an increase in the scores of performance in food processing companies. The study recommends that inventory management should be well articulated, there should be a good management on cost control such as carrying cost, ordering cost as well and maintain production should be managed to meet demand, increase production turnover and identify opportunity. The study recommends inventory management should ensures continuous supply, minimized loss, increased production and cost control on the performance of food processing companies in Kenya.
Authors and Affiliations
William Mwangi| Department of Business Administration, Chuka University, P.O Box 109 60400,Chuka, Kenya Correspondence Email: www.mwangi@gmail.com, Miriam Thogori Nyambura| Department of Business Administration, Chuka University, P.O Box 109 60400,Chuka, Kenya Correspondence Email: miriamthogori08@gmail.com
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- EP ID EP10616
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